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They're not any different than any other startup. It's difficult to get a business off the ground, profoundly so. Most of that difficulty is in management, not
by jtriangle 3y ago
They're not any different than any other startup. It's difficult to get a business off the ground, profoundly so. Most of that difficulty is in management, not the actual product. You can have a very middling product, raise capital well, hire the right personnel, scale out at the right time, spend money where it's needed and avoid spending money where it's not, and find yourself very, very successful before long.
The opposite is also true, you can have something that is in earnest revolutionary, and fumble it to the point you're left with nothing, you could also just fail your luck roll and be left with nothing, many many more paths to failure than there are paths to success. That's why most fail, it's simply more likely.
The important thing to remember is, you don't just get one roll at it. You can try as many times as you have time to do so. Most of the wildly successful people I know were wildly unsuccessful before they were wildly successful. The ones that hit it off the hop had more money up front to brute force things into success which ultimately works out to them just being able to finance their failures, not that they were without failure because of their starting position.
But yeah, this article is basically just pulp.