A tough thing about the startup echo chamber is the proximity bias it creates. You surround yourself with people who are taking lots of big risks and then regularly hear about huge exits and you start thinking you're somehow luckier.
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Every time you hear about a big acquisition you think, "That could be me soon!". And if you happen to know someone at the acquired company (or even if you've just read about them) you feel it even stronger.
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But that's like someone from your hometown winning the lottery and then thinking that means you now have a higher probability of winning. You don't. At all. Your chances of having some massive exit are still, practically speaking, zero.
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This leads to founder/CEO burnout b/c you're constantly
#hustling, getting small bursts of energy to keep#hustling by the random sensationalized startup news you're reading. Then you eventually realize you're not anywhere closer to that pie-in-the-sky vision of massive success.1 odpowiedź 1 podany dalej 5 polubionychPokaż ten wątek -
You'll be much happier if you step out of the echo chamber and just build a dang business. Optimizing for exits have always confused me. Short term pain for long term gain? I guess, but the odds are just so terrible. I'd much rather enjoy the ride.
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W odpowiedzi do @Shpigford
More like long term pain for short term gain. You bust your ass for years on a low salary and no personal life, only to find out the exit money doesn’t fulfill you anyway. Hustling is fine as long as you pay yourself well, take time to refresh, and have control.
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Whoa. Chris tweeted. ;) (You must be hitting a nerve Josh!)
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