News for hackers. Stuff that matters.
Re:Most Founders Have a Flawed Mentality by JohnFen on Thursday October 31, 2024 @10:08AM (#42007075)
Doing a startup is a very high-risk activity, and multiple income streams help to reduce the risk.

You only need one success to be a billionaire (if that's your goal), but the odds of whatever your startup is being that one success are very low. Almost all successful entrepreneurs became successful by trying out a lot of things that didn't work before they discovered one that did.

Re:Most Founders Have a Flawed Mentality by FatihTahta on Friday November 01, 2024 @09:47AM (#42016889)
Sure, even the successful products generally pivot from the original idea but the problem is most people doesn't give their best to succeed and blame the idea.

I believe that if you can distribute it you can sell anything. But it take effort and resource which not much are willing to sacrifice so they drifting from one idea to another.

Re:Most Founders Have a Flawed Mentality by JohnFen on Friday November 01, 2024 @10:18AM (#42017112)
> the problem is most people doesn't give their best to succeed and blame the idea.

In fairness, it's also common for people to give it their best and still fail. But even so, you're right -- people often blame the idea itself. Sometimes, the idea is actually the problem, but more often it's just bad luck.

> I believe that if you can distribute it you can sell anything.

My old business partner had a riff on this same point: anybody can nail two sticks together and find a market willing to buy it. It's just that sometimes you have to look very hard to find that market, and sometimes the market that exists isn't big enough to be of interest.