3 ms·
Love the book! Could founder success early on be broken into 2 parts?: 1. Founder EQ (internal + external) and 2. Market/Time. We know that in the wrong marke
by semerda 11y ago
Love the book!
Could founder success early on be broken into 2 parts?:
1. Founder EQ (internal + external) and
2. Market/Time.
We know that in the wrong market/time startups have a hard time gaining traction. Sometimes you need to give time i.e. keep going through the dark times; to reach a time when the market is ready/needs what you are offering. It's that analogy "A rising tide lifts all boats". So you need to get your boat into the water.
As for Founder EQ. Internally - strong to battle through the tough emotional times (perseverance, adaptability etc) and externally - how the founders communicate and work together to get stuff done. We know founder disputes kill many early startups.
Once traction is gained and money flows then those 2 might not be as important. Money does solve many problems. At that point everyone inside the company is spinning the cog and inertia takes over.