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I don’t think they’re independent events. Bayesian priors would say that if you have five failed businesses then your chances of being successful on number 6 ar
by mason55 2y ago
I don’t think they’re independent events. Bayesian priors would say that if you have five failed businesses then your chances of being successful on number 6 are probably less than 60%
- dangus 2y agoI disagree. A bunch of founders out there have a string of failures surrounded by their successes. Here is a list of a few of them: https://press.farm/startups-fail-founders-bounced-back-and-build-successful-company/ https://press.farm/startups-fail-founders-bounced-back-and-b... Some of these founders had two or more failed businesses before reaching success.