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But have they failed? The arrogance will be even stronger in someone who has had success so early. Risk is much higher with such an individual. I think that yo
by optimuspaul 7y ago
But have they failed? The arrogance will be even stronger in someone who has had success so early. Risk is much higher with such an individual.
I think that you are partially right however, age isn't an indicator but combined with other metrics is an indicator. I'll take a 20 year old who has tried and failed over a 20 year old who has tried and succeeded. My gut tells me the former has learned far more. But those are generalizations, everyone is different, the failure case could actually be ineptitude and they haven't learned anything.
- SkyPuncher 7y agoFailing is merely a path to understanding what success doesn't look like. Lots of founders are extremely aware of their shortcomings and the luck involved - leading appropriately as a result.
- pjc50 7y agoI'm reminded of the joke about the guy who threw away half the CVs he recieved because he didn't want to hire unlucky people.
- onion2k 7y agoBut have they failed? The arrogance will be even stronger in someone who has had success so early. Risk is much higher with such an individual. The risk associated with backing a founder who has failed at something is a lot higher than backing a founder who has succeeded in a previous startup. You can't just ignore people's experience and assume that failing at something counts for more than successfully running and exiting a business. There's loads of evidence that people succeed in their second venture after a successful exit more often than founders succeed in their first startup. Investors are very sensible looking at someone's track record.