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my first thought: no shit? why do you think serial entrepreneurs find it so much easier to raise money? PG wrote an essay on it, and the startup learning para
by pclark 17y ago
my first thought: no shit?
why do you think serial entrepreneurs find it so much easier to raise money?
PG wrote an essay on it, and the startup learning paradox. You're likely to fail when you're young because you're inexperienced, but the only way to get experience is to start up.
- stingraycharles 17y agoYou have to keep in mind the audience Techcrunch is appealing to: a lot of these rockstars probably really think wisdom comes with intelligence instead of the years. What I'm wondering about, though, is the rest of these younger entrepreneurs: I understand that the older entrepreneurs of course make better decisions, but I wonder how much of these younger entrepreneurs (wrongfully) think they are just as capable, and thus something like Dunning-Kruger was taking effect. I try to reflect this on myself, 26 years old and founder of a startup, and I am fully aware of my inexperience. I personally attempt to compensate that problem by gathering more experienced people around me, but in the end, there is only so much you can do about it. I do think, however, that knowing you don't know everything at least allows you to be more aware when you're likely to make a mistake.
- pclark 17y agoI'm 21 and CEO of a startup and I don't know shit - I'm not even that smart - hence why I talk and listen to as many smart people as I can. I like to think I'm pretty good at working out what advice is good advice... I also feel the only way to learn properly is to do it. You'll only follow someone's advice so far till your gut sets in and you need to make your own path - even if that requires being proved wrong.
- andreyf 17y agoI like to think I'm pretty good at working out what advice is good advice... What makes you think that? In my experience, it's pretty easy to be talked both out of a good idea and into a bad one.
- pclark 17y agoI can usually take some advice and work out if its useful. Sometimes just stopping and thinking about it makes it far clearer. Some people give great advice, and terrible advice at the same time.