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"the kind of founders who have the balls to turn down a big offer also tend to be very successful" Or they tend to fail spectacularly. The more risk you are wi
by mixmax 19y ago
"the kind of founders who have the balls to turn down a big offer also tend to be very successful"
Or they tend to fail spectacularly. The more risk you are willing to take the more you will tend to go towards the extremes: One extreme is huge succes, the other is bankruptcy.
- breck 19y agoAbsolutely agree. I know more people who have turned down big offers and ended up with $0 than people who have gone on to tremendous success after turning down an offer. There are definitely other variables involved. But I would guess: P(COMPANY TURNED DOWN BUYOUT OFFER(S) | COMPANY BECOMES LARGE SUCCESS) = 1. But the reverse wouldn't be as good a predictor as PG feels.
- zkinion 19y agoYou guys are confusing competence with confidence. If you're riding a motorcycle really fast, would you rather be confident with yourself being able to control it, or would you rather be competent? People who go all in are not always just confident, and bold, but also might know what they're doing as well.