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"It's harder to work on an ambitious idea, but not proportionately harder." Sure it may not be harder to work on an ambitious idea than to start an Italian res
by larrys 15y ago
"It's harder to work on an ambitious idea, but not proportionately harder."
Sure it may not be harder to work on an ambitious idea than to start an Italian restaurant (or the startup equivalent - something that is ubiquitous and stands a good chance of succeeding if executed correctly).
But although I acknowledge that the possibility of hitting it big from opening the "restaurant" is small compared to an ambitious idea, the chance of the restaurant succeeding and being an ongoing concern is magnitudes greater than the ambitious idea.
The simple fact is non ambitious ideas don't pay off for investors and that's why investors are biased to not encourage those types of ideas.