"Just one brilliant, terrible idea"


Why we do what we do. Read this great piece by Ben Evans on VC that applies to founders as much as it applies to investors.
Indeed, all of this applies to entrepreneurs even more than it does to VCs. Just as VCs would like only to do the deals that succeed, so would entrepreneurs. But entrepreneurs only get to do one at a time (normally). So an entrepreneur is committing years of their life to just one brilliant, terrible idea, that probably won't work, but if it does, will be enormous. And around half of those commitments fail - there are lots of risks, and lots of ways that these attempts can fail, without it being anyone's fault. If you take a normal, mature company to zero in a few years, you probably screwed up, but if a startup doesn't make it, generally that's just the risk you took. Pulling a company into reality out of thin air, through sheer force of will, isn't easy. But you're only reading this because of the entrepreneurs who took that bet. This is how invention works.
Take that bet. Create a legacy.
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Alexis, thanks for this post. Reminds me to give you this heads-up. One of my Associates and I have created, beta-tested, recreated over 75 times in the last 6 years, and are now working with a programmer to redesign for more user-friendly access a unique( patent pending) and powerful analytical tool--the only tool to produce reliable, practical direction to anyone interested in knowing where they stand--am I going to have enough financial resources or will I (we) run out of money. Love to show it to you and see how it might help you, when we are ready--soon. IF you feel this might be something you would want to learn more details about, I would be excited to share... Rick --------- Original Message --------- Subject: [alexisohanian.com - New Post] "Just one brilliant, terrible idea" From: "Posthaven Posts" Date: 8/13/16 11:28 am To: rick@rickwiwi.com -- Reply above this line to comment on this post -- Alexis Ohanian created a new post on alexisohanian.com: "Just one brilliant, terrible idea" Why we do what we do. Read this great piece by Ben Evans on VC that applies to founders as much as it applies to investors. Indeed, all of this applies to entrepreneurs even more than it does to VCs. Just as VCs would like only to do the deals that succeed, so would entrepreneurs. But entrepreneurs only get to do one at a time (normally). So an entrepreneur is committing years of their life to just one brilliant, terrible idea, that probably won't work, but if it does, will be enormous. And around half of those commitments fail - there are lots of risks, and lots of ways that these attempts can fail, without it being anyone's fault. If you take a normal, mature company to zero in a few years, you probably screwed up, but if a startup doesn't make it, generally that's just the risk you took. Pulling a company into reality out of thin air, through sheer force of will, isn't easy. But you're only reading this because of the entrepreneurs who took that bet. This is how invention works. Take that bet. Create a legacy. View the post and reply » Unsubscribe from new posts on this site Change your Posthaven email settings
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