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by ritchiea
4389 days ago
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What really bothers me about this type of thinking is the assumption that every team is equally talented & motivated. I might go as far as saying the talent/intelligence landscape is somewhat homogenous but having been around early stage startups for years now there is definitely a power law distribution of motivation & organization. It's a lot easier to say you will do anything to succeed and act the part and struggle and listen to your investors like they're bosses and let your startup die out while going through the motions than it is to be relentlessly resourceful. It also benefits to be self critical and unattached to an ideal of a product in a way to allow your product to be what your users respond to rather than some stubborn vision. All this to say, there are definitely a ton of bad startups out there, people who see an easy fundraising landscape, take advantage of connections or even make them. Or people that get to a certain point and don't really want to face reality. Instead of floating all the platitudes we float about there being lots of talented teams, it would be nice to see some honesty. That a lot of startups have a founder or two that isn't that dedicated but is there because he/she isn't sure what else to be doing. That a lot of startups are a vanity project of one of the founders and the founder doesn't have the modesty to actually sell to users/potential employees. That at a lot of startups there is friction between the founders that puts the product in danger because they have equal-ish power but between them lack a coherent vision for the future. And a lot of these companies with bad foundations have brilliant founders. Just because companies are founded by smart people doesn't mean they have a strong foundation. That is something we should be honest about. This isn't to say that it doesn't take luck, but there is a lot that helps to get right that a lot of startups aren't getting right off the bat. |
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This goes against most of our intuition (at least, mine), because there's essentially no difference between the 10,000th and 10,020th most talented teams. But it becomes obvious when teams are put in repeated direct competition with each other. e.g.: how many people expect the US (ranked, I think, 13th in the world) to beat Germany (ranked 2nd) in the world cup?