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by OvidStavrica 3828 days ago
By necessity, entrepreneurs are self-delusional.

Most are easily intelligent enough to realize how long their odds really are. Furthermore, they have the intellect to appreciate the true effort they have to make before they reach financial payback.

Any reasonable person with the math skills to visualize risk vs. reward will usually walk away --but not the quintessential entrepreneur.

This is not a flattering trait. For this reason, it is rarely, if ever, associated with successful entrepreneurs.

2 comments

Most entrepreneurs are, unfortunately, very much like gambling addicts. It is also unfortunate that the casinos (app stores) don't provide accurate information about risk vs. payoff.

> By necessity, entrepreneurs are self-delusional.

Unlike VCs, entrepreneurs have no spread of risk. It is important to realize that it is in the interest of the VC that the entrepreneur remains delusional.

Entrepreneurs != startup founders.

A successful developer, for example, starting their consultancy/agency has a high chance of building a successful venture.

Small companies as in 5-50 people can be really stable and proffitable. Ramp up in good times, lay off in bad etc. the trick is to proffitably get there a soon as possible. Being a 1 person consulting shop is much more of a grind and has less upside.