Startups often lose their initial spark because founders begin with idealistic, mission-driven goals rather than profit-seeking intentions, and the negative expected value of entrepreneurship means most ventures don't succeed financially, causing founders to struggle when trying to achieve specific purposes like solving climate change or improving customer experiences.
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Ever wonder why startups lose their spark? 💔 Let’s dive in! #StartupStruggles #EntrepreneurAdded:
Yeah, so over the years, what I had noticed in my own career is that when companies begin, they tend to be very idealistic. So, it's rare actually to have a company, even in a mercenary culture like Silicon Valley. Well, most founders I meet are not doing it to make money. If you look at the odds, if you want to make money, being an entrepreneur is not nearly the best way. It has a negative expected value for sure when you when you begin.
They generally tend to want to do some specific thing. And what I didn't really understand on you know, in that beginning of my career, is that today's economic climate in the financial system that we live in, if you want to do any specific thing, like as lofty as you want to solve climate change or as humble as you want to bring a little bit of beauty or efficiency into your customer's life. As soon as you say that you want to do some specific thing,
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