3 ms·
> Focus on being the founder of a successful company in a space that can only tolerate at most a handful of players (that's pretty much any business, once you p
by dasil003 9y ago
> Focus on being the founder of a successful company in a space that can only tolerate at most a handful of players (that's pretty much any business, once you properly define it) is a LOT harder and sheer willpower is not the only thing required to be successful.
I agree with your whole post, but I urge caution at your parenthetical because it could easily play into the VC mentality of needing 9-10 figures to consider a company successful. Of course it's easy for them to take the risk with other people's money, but as a founder you need to ask yourself what your goal is.
It's dangerous for two reasons: first, you may build something amazing that would easily have been sustainable but fails because unchecked greed demands that it be the biggest even if that is not it's fundamental value (ie. see Twitter). The other is that billion dollar companies are not built by dreaming of the perfect vision, but rather smart execution leveraging available resources and opportunities—the vision sounds good in Wired article, but there are millions of dreamers with visions that never accomplished anything; you need execution and relentless learning, and that is very hard if you are not focused on where you are now and where you want to be in a few weeks or months.