@Dreamonology@AutismCapital It's the same in Europe. People say "you vote for them" but in reality very few do, but somehow the same people who've ruined the continent end up getting the most votes.
@zeroxkyle Yeah, I think about it a lot. There are many people who can pick the right assets and ride the port up, but few who know how to get out of the trades while being up.
common mistakes by builders that I learn every day:
- building a great product isn't enough, distribution is everything
- a great product alone doesn't make anyone to change what they're already doing if they're more or less satisfied as is
- to have a chance at building something really big, you need both non-consensus insight about the market and inflection point (currently it's AI). Good book to read is "Pattern Breakers".
What is your non-consensus, unique take on the market that only few people understand?
- you can still build a good business by better execution, better distribution, or having more money to stay alive longer/spend on acquisition, but it won't be a product that shapes the industry.
- good team alone isn't enough. You need a great team who's also hungry and resilient and aligned. Also, people have different seasons in life. Someone very capable in a less productive season of life (becoming a father or going through some other personal thing) isn't the same person who he or she is in a more productive season of life.
- a good team doesn't mean the project valuation will go to many millions or the product will succeed. This is maybe more for investors.
- targeting the right audience early is everything. The early feedback will shape the product the most.
- there are many people who have a good talk but little substance. Meaning, they're used to "vibing" as this has worked for them in the easy times. In hard times, it's not only useless, but it's harmful hopium of results that aren't coming bc the person won't put in the work.