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Some unsolicited advice … You can succeed in achieving everything in that playbook, and still fail. Life can be brutal. Appreciate the importance of timing &
by alberth 4y ago
Some unsolicited advice …
You can succeed in achieving everything in that playbook, and still fail.
Life can be brutal.
Appreciate the importance of timing & luck.
Stars need to align & lots of things are out of your control. Like an unexpected global pandemic, a persons health turning bad, or simply a key customer not paying timely - are all things that can tank your perfect business and more.
- pgayed 4y agoAre you describing a particular experience you had?
- frozencell 4y agoIt's an astrologist.
- papito 4y agoWhat you are saying is that it may increase your odds of success, but it by no means guarantees it. If you do nothing - you won't succeed. If you do everything - you may succeed.
- tmoertel 4y agoBut the choice isn't between doing a startup and doing nothing. It's between doing a startup and taking an established tech job at, say, a FAANG. For most definitions of success, the second route leads to success with pretty high probability. While a startup win has much higher payoff, I suspect that the expected utility is higher for the other option.
- papito 4y agoRight, but the original article is about startups :) Life is a wide-ranging buffet of risks, just like the stock market. You can choose anywhere from bonds (career, stable job) to penny stocks (startups).