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Survivor bias mixed with anecdotal folksy wisdom. "She scrounged what hardware she could get and succeeded" does not mean that everyone who does that will succ
by MicahWedemeyer 14y ago
Survivor bias mixed with anecdotal folksy wisdom.
"She scrounged what hardware she could get and succeeded" does not mean that everyone who does that will succeed. I'm sure most successful businesses buy or lease or subscribe to the hardware they need.
Being a hustler and working hard is required for success. Money, or lack of it, doesn't change that. But, having access to money, even just enough to get by day-to-day, will make a hustler that much more powerful.
Sidenote: Compare the comments here on HN to the blog comments. Almost exactly the opposite, which I find strange given the supposed overlap in audience.
- deleted 14y ago[deleted]
- mibbitier 14y agoFWIW, you can also find an absolute ton of examples of startups that had plenty of money, and failed spectacularly. Having too much money is probably worse than not having enough. I think the difference is that HN is primarily venture backed "silicon valley" startups. Mixergy is more about bootstrapped businesses.
- richardjordan 14y agoI doubt that overfunding causes more failures than insufficient access to capital. That defies experience and common sense. I suspect you're extrapolating from a handful of high profile data points.