Ben pfp
Ben
@benersing
Two big mistakes I see founders make: (1) Having a “101-level” understanding of previous cycles / attempts at solving the same problem (2) Having a “101-level” hypothesis for why NOW is the right time Both these mistakes typically coincide with having a shallow “secret” only you know. Both are solvable.
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Adam pfp
Adam
@adam-
Couldn't agree more. What frustrates me further is that some of these founders have been able to secure adequate financing with this kind of thinking. Once again I'm reminded of what I think should qualify vs what actually does.
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Ben pfp
Ben
@benersing
Excellent point. My comments certainly extend indirectly / adjacently to the investors funding the ideas. That said getting funded / deploying capital is a milestone to celebrate, but shouldn't be viewed as a goal not a win (to use a sports analogy). The win comes at exit / return of capital to LPs.
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Ben pfp
Ben
@benersing
*should be viewed… not “shouldn’t”
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Adam pfp
Adam
@adam-
I share a similar outlook, as its the responsible and credible approach. However as bull turned to bear and the tide came in, you could see the litteny of founders who either lost focus or simply didn't take this point sersiously. By contrast, those that did look even better to investors in this current climate.
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