> If your formula is sufficiently wrong, which is the rule not the exception, you can’t make up for it with perseverance. It's not a simple decision, at least

> If your formula is sufficiently wrong, which is the rule not the exception, you can’t make up for it with perseverance. It's not a simple decision, at least based on my personal experience. If you have a good team, a good market, and economics that let you exist in the market until you get the product right, it's worth hanging in there for a really long time. The reason there's "selection bias" on persevering is that it's how a lot of companies actually succeeded. It's not just tech, either. There's a reason why people like Eddie Cantor said "It takes 20 years to make an overnight success."