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I used to work in VC and have talked to a number of people regarding this. The classic pivot vs persevere problem. 1) My view is that you don't/can't really kn
by fzwang 1y ago
I used to work in VC and have talked to a number of people regarding this. The classic pivot vs persevere problem.
1) My view is that you don't/can't really know in advance. Most of the examples you see/hear about are retrospective, and suffers from survivorship bias and/or positive reporting bias. Ex. Typically, you only hear about how people's decisions led to success. Or you only hear about earlier failures if the subject later succeeded. What you don't hear about are other people who made similar choices and still failed. Unless you're connected to these builders/founders networks and have insider-access/great rapport, it'll be difficult for you to get exposed to the hidden, unreported side.
2) What's worth analyzing are the material consequences of whatever outcome/decision path. One thing you do want to avoid is anything that could take you out of the game, so to speak. Like huge financial obligations, etc.
3) And most decisions aren't so black and white. There's a very large, gray area in between where you could get real creative. In this gray area are 3rd options where you could be positioning yourself for long-term sustainability to work on whatever it is on your mind. Sometimes I call it "pivot to persevere." Ex. creating another venture B to fund venture A.