The best founders are persistent. That trumps intelligence and luck
You might not be smart as a founder, if the product is bad and market is right, company will succeed. It’s all about the market pulling a company to heights. Observe fintech and neobanking wave a few years back, all of the founders made money with exit or accumulated wealth.
What’s the success rate of this hypothesis? All those firms are struggling to be EBITA positive, even if they become someday, net profit, how many hyped startups have reached that mark?
I have personally been in a neobank startup that got acquired. Most smaller one got acquired as well in the last 2-3 years, the ones currently are struggling.
Two months ago I posted this rant on Grapevine (https://share.gvine.app/CLkpBuEqcCvrzKvx6) which I think is one of the most viral posts on the platform.
Since then I took a break, learned Vipassana, went to the mountains, read, and re...
I've worked at 2 early stage startups now. The founders are absolutely bonkers. Kids born into business families who think it's beneath them to work for someone and accumulate skills. They have an idea, that's all. Based on that idea the...
That is it. They don't realize that the only advantage they have is Capital. Funny for them, Capital advantage is alr...
Absolutely sad to see the state of the startups, most of them. I am a founder myself, and this is a post with equal disappointment with myself as much as it is for anyone else who relates. Look at all these companies that have raised s...
Investors should get some blame as well
