3 ms·
The most successful might be from category two, but what is the denominator? How many with that attitude failed? I suspect category one has significantly higher
by DVassallo 3y ago
The most successful might be from category two, but what is the denominator? How many with that attitude failed? I suspect category one has significantly higher survival, probably close to 100%.
- gen220 3y agoI think it depends on what you count as "survival". Group 1's long-term success/survival is contingent on timely exits and timely access to future funding, which historically (i.e. during all times + places, except 2008-2021 in SV) is a pretty volatile commodity. Group 2 develops fairly portable skills that they can "sell" to the market whenever they want to give up on building by themselves. They can compound in a way that's uncorrelated from LPs' appetites for risky allocations. It's like comparing a firecracker and a candle. Although they both depend on combustion, the goals of the two groups are almost disjoint.
- demondemidi 3y agoCategory a - 0 of 5; category b - 7 of 9.