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by pascalxus
2418 days ago
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Paul Graham usually writes some really good stuff, but this is highly misleading: "If you can just avoid dying, you get rich." There are soo many projects that can continue in obscurity on a shoe string budget, never to amount to anything. You could continue to invest in those businesses great effort and money all for nothing. ProductHunt is filled to brim with failed projects. Even, Google one of the world's most successful companies, has countless projects that didn't work out. Were they supposed to keep pouring 100s of millions of dollars in projects that could never succeed? Furthermore, it's misleading because it implies that things are within your control. That, all you have to do is the right thing and you'll be successful. Nothing could be further from the truth. When you have a bad idea that didn't work out because of lack of consumer demand (the #1 reason why software startups die), then, after you've tried everything, there's not much else to do. It's better to shut down or pivot to something where there is demand. |
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>And however tough things get for the Octoparts, I predict they'll succeed. They may have to morph themselves into something totally different, but they won't just crawl off and die. They're smart; they're working in a promising field; and they just cannot give up.
>All of you guys already have the first two. You're all smart and working on promising ideas. Whether you end up among the living or the dead comes down to the third ingredient, not giving up.
He admits that this speech is made for the startups in the room; ones that already passed the bar.