Re:Luck and Entrepreneurship: A tale of two startups
by mbesto on Thursday November 14, 2013 @12:18PM
(#6733578)
> Marc Andreessen, an investor in TipMobile, summed up our situation this way: “There’s very little difference between being early, late, or just plain wrong.” While that may sound harsh, I think there is some wisdom encoded into that view of the world. Markets can be fickle, after all, and so if a market shifts on you and leaves your current product out of fit, then it’s your responsibility as an entrepreneur to adapt to the new conditions and tailor your company to survive in whatever environment you find yourself in.
Yes, yes, yes. I can't emphasize this enough. Too often we glorify these startup "unicorns" for their apparent innate "ability" to time the market. The latter part of this statement is the secret sauce.
Yes, yes, yes. I can't emphasize this enough. Too often we glorify these startup "unicorns" for their apparent innate "ability" to time the market. The latter part of this statement is the secret sauce.