๐ง๐ต๐ฒ ๐๐๐๐๐ฟ๐ฒ doesnโt care about your past
Jul 09, 2024Founders — ๐ง๐ต๐ฒ ๐๐๐๐๐ฟ๐ฒ doesn’t care about your past
→ The market doesn’t care if your past is full of big wins
→ Or if this is your first rodeo
→ In capitalism, the market is the ultimate judge of success
→ Old wins can’t save you
๐๐ถ๐ฟ๐๐-๐ง๐ถ๐บ๐ฒ ๐๐ถ๐ด ๐ช๐ถ๐ป๐
→ These innovators proved that fresh perspectives and untested ideas could revolutionize industries
๐๐ถ๐ฟ๐ฏ๐ป๐ฏ: With no prior massive success to their names, they created a global online marketplace for lodging that disrupted the hotel industry.
๐ช๐ต๐ฎ๐๐๐๐ฝ๐ฝ: WhatsApp's creators, former Yahoo employees, built a messaging app that became indispensable for millions worldwide. Their first major venture was so successful that Facebook acquired it for a staggering $19 billion.
๐ฆ๐ป๐ฎ๐ฝ๐ฐ๐ต๐ฎ๐: Snapchat’s founders were college students with no significant prior wins. They developed a social media platform that became a favorite among younger generations, redefining how we share moments.
๐๐ฟ๐ผ๐ฝ๐ฏ๐ผ๐
: These first-time founders created Dropbox, a file hosting service that solved a universal problem and gained millions of users globally.
๐ฆ๐ฝ๐ผ๐๐ถ๐ณ๐: Spotify’s founders disrupted the music industry with a streaming service that made music more accessible than ever, showing that innovative thinking can yield massive success even without previous big wins.
๐ ๐ฎ๐๐๐ถ๐๐ฒ ๐๐น๐ผ๐ฝ๐ ๐ฏ๐ ๐๐ผ๐๐ป๐ฑ๐ฒ๐ฟ๐ ๐๐ถ๐๐ต ๐ฃ๐ฟ๐ฒ๐๐ถ๐ผ๐๐ ๐๐ถ๐ด ๐ช๐ถ๐ป๐
→ On the flip side, past successes are no guarantee of future triumphs.
๐๐ฎ๐ฏ.๐ฐ๐ผ๐บ: Despite Jason Goldberg’s success with Socialmedian, Fab, which raised $330 million, eventually failed.
๐๐ผ๐น๐ผ๐ฟ ๐๐ฎ๐ฏ๐: Bill Nguyen sold his previous startup, Lala, to Apple. However, his next venture, Color Labs, which raised $41 million, shut down in less than two years.
๐ค๐๐ถ๐ฏ๐ถ: Jeffrey Katzenberg, known for his success with DreamWorks, launched Quibi. Despite raising $1.75 billion, it shut down within six months..
๐ ๐๐๐ฝ๐ฎ๐ฐ๐ฒ: Initially a massive success, Myspace failed to compete with Facebook and declined rapidly.
๐๐๐ท๐.๐ฐ๐ผ๐บ: Despite successes at Google and Facebook, Ben Ling’s startup Juju failed to take off.
→ No matter how smart you think you are
→ Or what your previous wins have been
→ The market will always be the ultimate arbiter of success
→ Stay humble, stay innovative ๐ฎ๐ป๐ฑ ๐ฟ๐ฒ๐บ๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐๐ต๐ฎ๐ ๐ฒ๐๐ฒ๐ฟ๐ ๐ป๐ฒ๐ ๐๐ฒ๐ป๐๐๐ฟ๐ฒ ๐๐๐ฎ๐ฟ๐๐ ๐๐ถ๐๐ต ๐ฎ ๐ฐ๐น๐ฒ๐ฎ๐ป ๐๐น๐ฎ๐๐ฒ
Need help, reach out.