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DavidSacks's profile
David Sacks
David Sacks
David Sacks
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@DavidSacks

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David SacksVerified account

@DavidSacks

Founder who backs founders through @craft_ventures. Previously: Created two unicorns, invested in a dozen more. Occasional movie producer.

San Francisco
medium.com/@davidsacks
Joined March 2007

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    David Sacks‏Verified account @DavidSacks Apr 8

    David Sacks Retweeted Andrew Reed

    So true. On the very rare occasion when I beat Peter Thiel at chess, he would smash all the pieces. When I called him a sore loser, he responded “show me a good loser and I’ll show you a loser.” Show me a founder who thinks it’s ok to fail fast and I’ll show you a failure.https://twitter.com/andrew__reed/status/1247989369241079809 …

    David Sacks added,

    Andrew Reed @andrew__reed
    “Fail fast” is almost certainly the most damaging startup advice. Widely quoted, proven to be incredibly wrong.
    4:22 PM - 8 Apr 2020
    • 180 Retweets
    • 1,509 Likes
    • Ruban 🥝 Ishtaarth 😷 Malinga Fernando Eugene Kaznacheev Michel Teivel John Backus Vollinian Gabriel Bernardino Daniel Segundo
    96 replies 180 retweets 1,509 likes
      1. New conversation
      2. David Sacks‏Verified account @DavidSacks Apr 9

        The point is that being a founder is so hard that as soon as you accept failure as acceptable, you’re more likely to succumb to it. Of course we all know failure is a possibility. But it’s better to act as if it’s not — to burn the boats, psychologically speaking.

        5 replies 14 retweets 109 likes
        Show this thread
      3. David Sacks‏Verified account @DavidSacks Apr 9

        The “fast” part is also wrong insofar as when things aren’t working, you want to give yourself as much time as possible. I hear too many excuses for why burn can’t be cut. As long as you have runway, you have life and the chance for success. Give yourself the chance.

        4 replies 8 retweets 52 likes
        Show this thread
      4. End of conversation
      1. Roger Lai‏ @rogerlai Apr 8
        Replying to @DavidSacks

        I used to behave that way too. Then I entered middle school.

        0 replies 1 retweet 138 likes
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      1. New conversation
      2. Michael Arrington‏Verified account @arrington Apr 8
        Replying to @DavidSacks

        sounds healthy.

        1 reply 0 retweets 164 likes
      3. 1 more reply
      1. New conversation
      2. Eric Bandholz‏Verified account @bandholz Apr 8
        Replying to @DavidSacks @theSamParr

        I think it’s ok to fail fast.

        2 replies 0 retweets 3 likes
      3. Sam Parr  ⚪️‏ @theSamParr Apr 8
        Replying to @bandholz @DavidSacks

        But wouldn't you rather succeed fast?

        3 replies 0 retweets 4 likes
      4. 1 more reply
      1. Leslie Barry‏ @LeslieCBarry Apr 8
        Replying to @DavidSacks @semil

        Fail fast in small controlled experiments to learn what works and what doesn’t is still valid. Context matters.

        0 replies 0 retweets 31 likes
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      1. New conversation
      2. Joe Philleo‏ @joe_philleo Apr 8
        Replying to @DavidSacks

        Yep, he hates to be down by 0 to 1

        1 reply 0 retweets 67 likes
      3. 1 more reply

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