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Past first time success is no guarantee of continuous success. This reminds me of how the Youtube founders have bunked the takeover of Delicious.
by webwanderings 14y ago
Past first time success is no guarantee of continuous success. This reminds me of how the Youtube founders have bunked the takeover of Delicious.
- ChuckMcM 14y agoPast history is never a solid guide. An LP at one of the valley's venture firms once told me that the value of the track record for him was that it meant that if the stars did align on the idea and the market, then the team which had been successful in the past would likely be successful with this idea. On the other hand, if the team had not been successful in the past then there was the chance that the idea and market would be there and they would drop the ball. Its a challenge when folks conflate their previous successful venture with an ability to deliver an idea when they won't or can't acknowledge the role of serendipity in the timing.