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> Everyone fails. Not everyone gives up. The flipside is that not everyone can afford to not give up. It's very easy to dimiss successful people as lucky with
by pdpi 3y ago
> Everyone fails. Not everyone gives up.
The flipside is that not everyone can afford to not give up.
It's very easy to dimiss successful people as lucky without acknowledging the perseverance that goes into pushing through all the failures until you get a success, but it's also easy to dismiss people who never hit that success as lacking that perseverance.
- grecy 3y agoWithout a doubt people give up for a host of different reasons, but I don't actually think that is what we should focus on or is the key takeaway. The important part to focus on is not giving up.
- adventured 3y agoIt's an important point. In the broader context, most new businesses fail in relatively early stages due to running out of capital, ie time. Which is to say, most entrepreneurs fail due to running out of money. There is no doubt that there is a diminishing return factor that kicks in, but it would be interesting to see how many more success stories are produced if the runway is N longer (for each increment of capital, how many more successful outcomes are there). You'll see some cynical takes such that: well if an entrepreneur had a really great thing, they'd have no terminal money problem to begin with (just show it to a VC, insta check). That's pretty blatantly false however, as the capital equation is a whole 'nother skillset and luck/chance/network factor that goes to work for or against your efforts.