The Path to Startup Success: Embrace Failures and Learn More

Discover why struggling founders learn more and build lasting success. Embrace obstacles, gain invaluable insights, and create a mental playbook for startup triumph. Learn the true path to sustainable growth beyond quick wins and viral success.

The Path to Startup Success: Embrace Failures and Learn More
Created time
Jul 15, 2024 11:44 AM
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Jul 3, 2024
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Founders Graft and Fail More, Learn More

We all want a quick success, for our product to go viral. But I'm convinced (in most cases) you won't learn much on this path.
As the Stoics would say, "the obstacle is the way" (Ryan Holiday).

Consider the Founder That Goes Viral

  1. Zooms to $100k+ MRR within months.
  1. How can they look back and understand what drove that?
      • They'll say this and that, but really no one knows.
      • It was likely just serendipitous timing.

Now Consider the Founder That Struggles

  • Goes through multiple failures, pivots, and re-inventions.
  • Every time they zig and zag around an obstacle, they learn something.

Lessons Learned Through Struggles

  • A small part of the product that's driving 90% of the value.
  • The sentence that resonates with customers.
  • The marketing channel that seems good, but isn't.
  • Differentiate between work that feels fulfilling from work that moves the needle.
  • How to be really focused.

Conclusion

They might have the MRR, for now. But you have the mental playbook for startup success. That you can apply again and again.

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Written by

Alex Rainey
Alex Rainey

Alex is an experienced CTO and founder who largely focuses on all the technical areas of My AskAI, from AI Engineering, Technical Product Management and overall Platform Development.