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"Founders who have successfully built and sold, say at least three companies for millions each over a period of years would tell me this person has a genuine ta
by rgbrenner 13y ago
"Founders who have successfully built and sold, say at least three companies for millions each over a period of years would tell me this person has a genuine talent for entrepreneurship."
No.. it tells you this person is a lower risk than someone without a track record or a worse track record.
History is filled with people and companies who had a string of successes followed by failures. Those people weren't talented one day, and untalented the next.
- OldSchool 13y agoGood point, financial and even hierarchical corporate success prior to any entering into any new venture changes at least a person's level of hunger and drive in most cases.
- Dylan16807 13y agoDon't get so excited to point out bad statistics that you bias yourself in the opposite direction. You need the number of founders of this kind of company, and the overall success ratio, before you can start judging skill vs. luck with any certainty.