When the puck comes to founders like the Collison brothers, it's not luck. It's because they thought a lot about where it was going to be, and skated there.
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For me, it's.....strength of startup idea = Timing of market * assets you have already built * interest in the market. I wrote about it here, but it is under a paywall. Happy to share a draft if you want to readhttps://forwardthinking.substack.com/p/how-to-pick-a-good-startup-idea …
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so, luck
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I can’t find the exact quote, but one of the most memorable things I heard one of the Stripe brothers say is that international payments can be handled because there is a limit to the number of countries so the problem is “tractable”. Basically the can-do attitude.
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damn!
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@kunalb11 has been saying this in context of Indian startups since long. Deeply researched/thought through insights can change the game completely. -
People see the "get rich quick" part that gets attention in the media. And then there are theoretical gurus with no skin in the game, who mislead with formulae. As Rumi famously said, "When starting on a journey, never take advice from someone who has never left home."
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A scholar is anyone with the ability and inclination to immerse themselves in a particular problem and the problems around that problem. To look at historical and current data and make solid predictions about where the world is going next.
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Please let's understand better what it means to be a scholar in the startup environment...
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