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Patterns I've noticed (wrt monetary success):

It usually takes decades which is why old guys are richer.

You can do it as an exec-employee or founder.

Contentment, comfort, routine, closed mindedness, dogma, not questioning the status quo every day, following established patterns of entrepreneurship because "that's how it's done", these are all your enemies.

Greedy and selfish people seem to do better in business. [Yeah, it's not a feel-good statement, but go out there and count the beans.]

Iterating in cycles less than 2 years with a new company every time is a sure fire recipe for not succeeding outside the Valley. Inside the Valley, you'll probably eventually get your talent acquisition money from Google. You simply don't have time to learn the market, your customers and to surround the business with people who trust it.

It takes time for you to empathize with your customer. In other words, to understand why the hell they'd give you money for your product or service.

As a founder, not fighting tooth and nail to keep as much control of your business as you possibly can is usually a leading indicator of failure. Not saying you must keep control, but there's a level of passivity I've noticed in this that usually indicates an entrepreneur who doesn't have their heart in their business.

Of course overnight success is bull. But the lottery ticket perception outsiders have of tech entrepreneurship is actually good for attracting investors and new blood, some of whom actually become real entrepreneurs. So the myth of overnight success does have it's uses.



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