Not all the founders are smart some are just lucky!
What do you think?
Talking product sense with Ridhi
9 min AI interview5 questions
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.
Most of them are idiots, best at scamming and lucky.
No.. that's not true. Founders who get things right on the first attempt may be are lucky. Beyond two failed start-ups there is no luck there. People who are smart use that experience and learnings and make it big.
2, that is a super small size, i know a founder who 11 failed startup and the 12 blew up, completely bootstrapped made a hell lot of money and then again failed, so he way lucky too! Also there are exceptions!
Lucky probably You have to be in right place at right time - that's luck But to know what to do then, is smartness