Agree, it is illogical too. A truism, arrogant when used by a successful founder or investor; and an example of the cognitive fallacy known as survivor bias. But your reinterpretation of persistence as being a trait saves it...kinda.
I suppose even my usage of persistence as more of a macro strategy is, by definition, an example of survivor bias.
Regardless, the core message is still one I'd stand behind. Persistence is best viewed as a career strategy rather than a startup strategy. Be persistent in your entrepreneurial ambitions, but be willing to shut down a crappy startup idea as quickly as possible... 😁
Absolutely agree - and it's the consistency mindset not grasped properly. It's one thing to show up, but it's another if you don't look up to see where you're headed and if you're getting any closer...
Agree, it is illogical too. A truism, arrogant when used by a successful founder or investor; and an example of the cognitive fallacy known as survivor bias. But your reinterpretation of persistence as being a trait saves it...kinda.
I suppose even my usage of persistence as more of a macro strategy is, by definition, an example of survivor bias.
Regardless, the core message is still one I'd stand behind. Persistence is best viewed as a career strategy rather than a startup strategy. Be persistent in your entrepreneurial ambitions, but be willing to shut down a crappy startup idea as quickly as possible... 😁
As per the question.
When the time is right. If you listen to your gut. You’ll know. The fear will still be there, but it’ll feel worse not to do it.
As far as quitting, the rule of thumb is:
If you knew what you know now, would you have started?
Absolutely agree - and it's the consistency mindset not grasped properly. It's one thing to show up, but it's another if you don't look up to see where you're headed and if you're getting any closer...
You did not say anything on persistence and stupidity……
True... I suppose the stupidity is implied (i.e. the stupidity of pursuing something that isn't going to work).