4 ms·
That's a good test to evaluate startups. How honest are the founders on their expected failure rate? If you're not a person they need to be lying to (i.e. not a
by calibraxis 14y ago
That's a good test to evaluate startups. How honest are the founders on their expected failure rate? If you're not a person they need to be lying to (i.e. not a potential/actual employee, investor, customer, journalist, etc), will they tell you that their realistic probability for success is very low?
If they can't do this, that's a red flag. Their irrationality will injure people in a relationship with them. They may disrespect others. Optimism is vital, but so is groundedness.
- jstanley 14y agoEveryone is a potential employee, investor, customer or journalist.
- calibraxis 14y agoI agree, you have to dislodge them out of that mindset, so they don't see you that way. You're there to help, which means honesty and seriousness. Otherwise you get the businessman bullshit for public consumption. Having interests in common (outside business) helps.