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Most businesses started by passionate technical founders fail as well, there is a selection bias in the big companies that are in the news. A lot is just luck,
by tinus_hn 4y ago
Most businesses started by passionate technical founders fail as well, there is a selection bias in the big companies that are in the news. A lot is just luck, having a product that the market needs that can be sold at a profit without being undercut by competitors.
- ghaff 4y agoThere was a popular business book in the 80s called In Search of Excellence. Basically the authors distilled their findings down to some common principles like "Stick to your knitting." However, as our professor observed, for pretty much every one of the principles you could find counterexamples of companies that succeeded doing the exact opposite thing. And also, over long enough time horizons, you could certainly find companies where a principle like "stick to your knitting" worked--until it didn't.