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Many of today’s successful entrepreneurs would not have taken the leap if it weren’t for the mythology generated by the example of previously successful entrepr
by seizethecheese 8y ago
Many of today’s successful entrepreneurs would not have taken the leap if it weren’t for the mythology generated by the example of previously successful entrepreneurs.
This is a key driver of innovation and allows the startup method to spread. You're right that desperate people need a reality check, but competent, ambitious people also need a roadmap.
- intended 8y agoAnd many more have collapsed on the way side. Beware survivorship bias. The survival rate of startups is very low. Only a tiny fraction go on to be successful, and an even smaller portion go on to be unicorns. Not all startups are tech startups, and not all startups are necessarily worth the opportunity cost. The people who made a killing were investors. I think That’s where the risk reward math makes more sense, from a purely monetary perspective of course.
- seizethecheese 8y agoYes, of course. But my point is that stories of success aren’t necessarily harmful and in some ways are important.
- wolco 8y agoMany more died along the way.