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by rchiba
1476 days ago
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> Ultimately, the reason that the startup died was because I did not do the due diligence in discerning whether this was a problem that I genuinely wanted to solve with my entire being. That's the bar for creating a successful startup, you need to find a problem that you're willing to dedicate yourself entirely to solving. My own startup journey has led me to a contrary belief: At the earliest stages of building a business, being flexible and continuously re-evaluating your assumptions in order to find real market opportunities is more useful than having a lot of passion solving a single problem. If anything, I've met many many founders who have had too much passion about a single problem, which hurts them gravely when they refuse to consider the possibility that the problem they are passionate about is not a problem at all and they need to pivot. |
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(1) "I want to solve this problem, I find it important, and I think I can make enough money while solving it to run a company, and live off it, maybe even get rich."
(2) "I want to run a company and make it big / get something self-sustaining so that I could forget about working for a salary; if solving this problem does not lead to that goal, I'll pivot to solving that problem, or another."
The only similarity between them is running a company that solves some customers' problem, which as generic as it gets. The motivations have little in common though.