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I've started 4 companies. 3 died (but not badly) one petered out and I sold the core tech for a pretty decent figure (so I call it a semi-success even though it
by ErrantX 17y ago
I've started 4 companies. 3 died (but not badly) one petered out and I sold the core tech for a pretty decent figure (so I call it a semi-success even though it was the least likely to succeed)
I dont know: I came to HN after I began hacking and doing startups (I never even called them startups till I got here) and my assumption was that 99% failed anyway as a part of the process of learning.
I figure you have to either be super lucky (and make a Twitter, Facebook or Google hit) or you have to fail hard a few times before eventually succeeding. I chatted to some London VC's the other week and they said they trusted founders from previously failed startups a lot more than newbies - simply because they had learned many of the hard lessons and wouldn't then make them at the crucial moment their company could be worth something 6 figures or more.
- jpwagner 17y agoVC's want the choice of whether or not to invest in you. So naturally they trust your attributes alot more than others' when they are talking to you.
- chrischen 17y ago> I dont know: I came to HN after I began hacking and doing startups (I never even called them startups till I got here) and my assumption was that 99% failed anyway as a part of the process of learning. Same here I've been doing startups since 13, didn't even know about the dot-com boom bust at the time.
- jacquesm 17y agoI don't know anybody that 'scored' that didn't fail a couple of times first. The ones that hit a home-run the first time out are the ones that you hear about all the time but they're the exceptions. It's not a rule, but hard work definitely pays off - most of the time.