18. A Half-Hearted Effort
The last point is one I cannot argue with from the standpoint of any single startup idea. However, from the standpoint of an entrepreneur who has the ability of working with more than one idea and with multiple ideas over time, I’m not sure that being 100% focused on one idea at a time leads to the best outcome. Locking oneself into a startup has a significant opportunity cost, especially if you really try hard over time to make it work. Given the low startup success rate, one can argue that it is more important to pick the right startup as opposed to try really hard to make the current startup work. That’s particularly important in the very early days.
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What constitutes a startup mistake? « HighContrast Sawickipedia: Don’t ever underestimate the value of opportunity when you’re an entrepreneur trying to put money into your own pocket (vs. your investors pockets instead). Making someone else rich while doing nothing for yourself strikes me more like indentured servitude vs. laudable startup success. |
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