Startups tend either to do many things right, or many things wrong. If doing x right were a coin flip, there would be a bell curve with the peak at doing half right. But it is not a coin flip.
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What you are really saying is, Decision Making is a very important skill for Founders
That wouldn't be surprising. The surprising thing here is that wisdom trumps domain expertise. People who make the right decisions about the architecture of systems software also tend to make the right decisions about fundraising (once sufficiently experienced).
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This is very true, in my limited experience. Problem solving is problem solving. It's just about knowing the variables and having a tolerable prediction of the outcomes of pushing on those variables.
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That really is surprising! It seems rational, analytical, smart people can solve any problem even if the problem is outside their specific domain.
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The variable is, I suspect, if you learn from your mistakes and look for negative feedback. If you study warfare, one thing comes out -- both sides make mighty blunders, but the victor is the person who corrects them fastest.
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The side that insists they don't need to change course is the side that loses.
End of conversation
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Throughout my career I’ve hired from outside my industry. I’ve always taken a ton of grief that these hires “don’t understand our industry”. I also had the highest % of hires making partner. In simple terms, really smart people who are motivated and friendly make great hires.
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Good to hear that. I'm way outside my domain knowledge and not bothered. It's just a puzzle that needs solving.
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