You can succeed in achieving everything in that playbook, and still fail.
Life can be brutal.
Appreciate the importance of timing & luck.
Stars need to align & lots of things are out of your control. Like an unexpected global pandemic, a persons health turning bad, or simply a key customer not paying timely - are all things that can tank your perfect business and more.
But the choice isn't between doing a startup and doing nothing. It's between doing a startup and taking an established tech job at, say, a FAANG. For most definitions of success, the second route leads to success with pretty high probability. While a startup win has much higher payoff, I suspect that the expected utility is higher for the other option.
Right, but the original article is about startups :)
Life is a wide-ranging buffet of risks, just like the stock market. You can choose anywhere from bonds (career, stable job) to penny stocks (startups).
You can succeed in achieving everything in that playbook, and still fail.
Life can be brutal.
Appreciate the importance of timing & luck.
Stars need to align & lots of things are out of your control. Like an unexpected global pandemic, a persons health turning bad, or simply a key customer not paying timely - are all things that can tank your perfect business and more.