I worked at 4 companies with the sole intent to get rich. I take that back. It was in fact, 3. The 4th I worked at because I didn’t want to look for another option. With my luck, each and every single one of them failed, stripping me of everything I had, but left me with an unusual skill set
The following is a letter I recently wrote to a student who had experienced their first major failure in life and then almost let that failure snowball into a series of failures that would have concluded with their dropping out of college if they didn’t step up.
Business failure: everyone runs from it and no one wants to be associated with it. But maybe that’s the wrong attitude.
Nothing ventured, nothing gained — unless you fail. For startups in particular, these two outcomes are in very close proximity because a risk-free startup isn’t a real startup. If you create something new, you will not be following the well-trodden path. Even if many founders have a reliable map, the markets can change or become unstable, or another competitor might join the field — in the end, the map might not be as up-to-date as it once was.