3 ms·

Persistence is very important, but we also can't ignore the factors allowing for persistence. If two people fail with their startup and only one goes on to foun

by Timon3 4y ago

Persistence is very important, but we also can't ignore the factors allowing for persistence. If two people fail with their startup and only one goes on to found a new one, the two-time founder is not necessarily more persistent. Maybe he has a social safety net and the other one doesn't, maybe he is only responsible for himself and the other one has a family, maybe he happens to get a loan which the other doesn't. Treating each and every case as fully comparable based on just their outcome merely hurts those that have already been hurt.

pclmulqdq 4y ago
Conversely, that safety net is often a product of preparation as much as a product of luck. Sure, kids of rich parents can come back to do startup after startup, but almost all of them fail at it precisely because they can run back to mommy and daddy for more. For most successful people, the safety net comes in the form of saving money wisely, making the right friends who can give you some work to fill in the gap, or - like my multi-millionaire landscaper - being willing to be underemployed for a period of time while you get back on your feet. If you support a partner or a family, it can be a lot harder to keep yourself safe like this, but you might also have another income to fall back on.
- Timon3 4y ago
  I'm sorry to sound harsh, but I fully disagree. This is making the exact same mistake as the GP. > the safety net comes in the form of saving money wisely This FULLY ignores the many reasons that make it harder so save money exactly BECAUSE you don't have a safety net. A genius born into a bad environment with some medical preconditions might never be able to save ANY money due to needing to spend it to stay alive. And that's not even looking at the many very expensive aspects of being poor like preventative care. > making the right friends who can give you some work to fill in the gap Right, except that poor neighbourhoods have fewer people able to employ you. So you're either lucky to meet the right people and have them like you (!) or you move out of your poor neighbourhood with the money you don't have. > being willing to be underemployed for a period of time while you get back on your feet Okay, and how will this help anyone pay their bills? Should people just say "guess it sucks I can't feed my family, but they just gotta power through, soon it will be worth it"? --- Please don't read this as me saying that things like safety nets are 100% absolutely luck-based. But it's incredible to me just how much people are willing to look at "what they can do for themselves" without being willing to see why the same could be harder for people in different situations.

by Timon3 4y ago

pclmulqdq 4y ago

Conversely, that safety net is often a product of preparation as much as a product of luck. Sure, kids of rich parents can come back to do startup after startup, but almost all of them fail at it precisely because they can run back to mommy and daddy for more. For most successful people, the safety net comes in the form of saving money wisely, making the right friends who can give you some work to fill in the gap, or - like my multi-millionaire landscaper - being willing to be underemployed for a period of time while you get back on your feet. If you support a partner or a family, it can be a lot harder to keep yourself safe like this, but you might also have another income to fall back on.

Timon3 4y ago
I'm sorry to sound harsh, but I fully disagree. This is making the exact same mistake as the GP. > the safety net comes in the form of saving money wisely This FULLY ignores the many reasons that make it harder so save money exactly BECAUSE you don't have a safety net. A genius born into a bad environment with some medical preconditions might never be able to save ANY money due to needing to spend it to stay alive. And that's not even looking at the many very expensive aspects of being poor like preventative care. > making the right friends who can give you some work to fill in the gap Right, except that poor neighbourhoods have fewer people able to employ you. So you're either lucky to meet the right people and have them like you (!) or you move out of your poor neighbourhood with the money you don't have. > being willing to be underemployed for a period of time while you get back on your feet Okay, and how will this help anyone pay their bills? Should people just say "guess it sucks I can't feed my family, but they just gotta power through, soon it will be worth it"? --- Please don't read this as me saying that things like safety nets are 100% absolutely luck-based. But it's incredible to me just how much people are willing to look at "what they can do for themselves" without being willing to see why the same could be harder for people in different situations.