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๐—ง๐—ต๐—ฒ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ doesnโ€™t care about your past

Jul 09, 2024

Founders — ๐—ง๐—ต๐—ฒ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ 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

๐—™๐—ถ๐—ฟ๐˜€๐˜-๐—ง๐—ถ๐—บ๐—ฒ ๐—•๐—ถ๐—ด ๐—ช๐—ถ๐—ป๐˜€

→ These innovators proved that fresh perspectives and untested ideas could revolutionize industries

๐—”๐—ถ๐—ฟ๐—ฏ๐—ป๐—ฏ: With no prior massive success to their names, they created a global online marketplace for lodging that disrupted the hotel industry.

๐—ช๐—ต๐—ฎ๐˜๐˜€๐—”๐—ฝ๐—ฝ: 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.

๐—ฆ๐—ป๐—ฎ๐—ฝ๐—ฐ๐—ต๐—ฎ๐˜: 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.

๐——๐—ฟ๐—ผ๐—ฝ๐—ฏ๐—ผ๐˜…: These first-time founders created Dropbox, a file hosting service that solved a universal problem and gained millions of users globally.

๐—ฆ๐—ฝ๐—ผ๐˜๐—ถ๐—ณ๐˜†: 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— ๐—ฎ๐˜€๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—™๐—น๐—ผ๐—ฝ๐˜€ ๐—ฏ๐˜† ๐—™๐—ผ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐—ฃ๐—ฟ๐—ฒ๐˜ƒ๐—ถ๐—ผ๐˜‚๐˜€ ๐—•๐—ถ๐—ด ๐—ช๐—ถ๐—ป๐˜€

→ On the flip side, past successes are no guarantee of future triumphs.

๐—™๐—ฎ๐—ฏ.๐—ฐ๐—ผ๐—บ: Despite Jason Goldberg’s success with Socialmedian, Fab, which raised $330 million, eventually failed.

๐—–๐—ผ๐—น๐—ผ๐—ฟ ๐—Ÿ๐—ฎ๐—ฏ๐˜€: 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.

๐—ค๐˜‚๐—ถ๐—ฏ๐—ถ: Jeffrey Katzenberg, known for his success with DreamWorks, launched Quibi. Despite raising $1.75 billion, it shut down within six months..

๐— ๐˜†๐˜€๐—ฝ๐—ฎ๐—ฐ๐—ฒ: Initially a massive success, Myspace failed to compete with Facebook and declined rapidly.

๐—๐˜‚๐—ท๐˜‚.๐—ฐ๐—ผ๐—บ: 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 ๐—ฎ๐—ป๐—ฑ ๐—ฟ๐—ฒ๐—บ๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐˜๐—ต๐—ฎ๐˜ ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—ป๐—ฒ๐˜„ ๐˜ƒ๐—ฒ๐—ป๐˜๐˜‚๐—ฟ๐—ฒ ๐˜€๐˜๐—ฎ๐—ฟ๐˜๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐—ฎ ๐—ฐ๐—น๐—ฒ๐—ฎ๐—ป ๐˜€๐—น๐—ฎ๐˜๐—ฒ

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