3 ms·
Dream big, but be realistic. If you set your goal at an unfathomable amount of net worth, then you lose focus on the problem you're trying to solve, and basica
by gitgud 8y ago
Dream big, but be realistic.
If you set your goal at an unfathomable amount of net worth, then you lose focus on the problem you're trying to solve, and basically set your self up for failure.
A good example of this is [1] marshmallow challenge, which is a challenge where you build a tower out of spaghetti and balance a marshmallow on top. The biggest tower wins. The organiser discovered that if he offered a $10,000 prize to the highest structure... No one could build anything, the pressure of a large incentive would overwhelm people and the marshmallow would collapse the hastily designed structure.
The lesson is to solve a problem iteratively and not to focus on the reward. This is how large companies like FAMG do it too. Not try to make a multi-billion dollar business from day one.
[1] https://www.greenbiz.com/blog/2010/10/19/lessons-innovation-spaghetti-and-marshmallow https://www.greenbiz.com/blog/2010/10/19/lessons-innovation-...