In giving business advice to founders, I'm skeptical of my ability to change people's views. I now settle for priming them to discover an idea themselves.
Some founders can be convinced by rational arguments. For example, you and Patrick can. But there is huge variation in this, and it's highly correlated with how the startups end up doing. http://paulgraham.com/word.html
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Funny enough, I watch a lot of competition cooking shows, and the degree to which people are open to feedback from their coach is a pretty good predictor of who gets far in the competition. Almost all stubborn folks are gone mid-way in each season :-)
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@patrickc thinks he isn’t even equipped to give advice. Which is either way too humble of him or he underrates himself significantly. Even though he knows there is no one behind the curtain.Thanks. Twitter will use this to make your timeline better. UndoUndo
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One common “issue” is that there can be multiple distinct, yet all rational, arguments/plans/paths to success. I think I would lean more with Talib here in that advice is often just a retelling of particular situation. There are broader truths within, but should not be literal
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8 years on do you still find this observation to be true? Did you never meet founders that struggled to close a lead you sent them but turned out to build a killer product and successful company?
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Yes, this is a solid trend. I'm sure some leads have dried up, but you can never tell for sure why; sometimes the investors change their own minds.
End of conversation
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Would love to see more patterns in differences between the most & least successful companies you've seen.
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Would like to know how many (in % of total you have encountered) founders will be convinced by rational arguments.
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A great essay
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