Not all the founders are smart some are just lucky!

What do you think?

16mo ago

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BouncyBiscuit

Stealth16mo

The best founders are persistent. That trumps intelligence and luck

PrancingNugget

Stealth16mo

Don't you think all the founders who played it during the COVID phase are fortunate?

SqueakyBagel

Stealth16mo

How about we look from an investors POV there was a fomo in market leading to this! They were just lucky!

PrancingNugget

Stealth16mo

Great learning for all the investors as well

TwirlyDonut

Stealth16mo

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.

SqueakyBagel

Stealth16mo

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?

TwirlyDonut

Stealth16mo

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.

GoofyDonut

Stealth16mo

Most are just lucky. It's much, much easier to start a business if you have a "small loan of a million dollars" from family, or "uncle's equity investment", or even a big enough house with a garage.