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As with earthquakes, successful start ups are notoriously hard to predict. We should be thankful that VC invest so "broadly". In the same vein, where a founder
by dougSF70 4y ago
As with earthquakes, successful start ups are notoriously hard to predict. We should be thankful that VC invest so "broadly". In the same vein, where a founder has previously worked should be viewed as just a luck indicator rather than a predictor.
- bertil 4y agoPrevious success doesn’t just reveal inherent quality, it’s also a learning experience: people who have succeeded know the amount of work, frustration, and personal transformation that goes into founding a company and successful growth. They can reasonably choose to do it again. I don’t think that first-timers ignore the amount of work that much, but simply having an idea beforehand helps. Knowing what it’s like to change yourself is also a very difficult thing to anticipate.
- ipiz0618 4y agoI'd bet on the lucky person over the smart person every time if I have to choose
- dougSF70 4y agoExactly, perhaps if you could find the people who were aware of their own luck and the role it had played in their successes to date, they would be the people to back. This would rule out the inflated egos of Elizabeth Homes, Adam Neumann, etc