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WJK

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Wang Xing, founder of Meituan: An entrepreneur fails only in two way- either running out of cash or giving up.
The cash part of your quote is interesting. Cash allows you either fail continuously or it allows you to try something else -- your Plan B, Plan C.. I know people who are 20 years into a business -- where they've done their first year 20 times and failed every time. They haven't had to change their MO because they've put in a cash infusion each year to cover their string of failures. Limited resources result in your second reason for failure. Either their business model was a bad idea or they ran out of resources.
 

Kevin88660

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The cash part of your quote is interesting. Cash allows you either fail continuously or it allows you to try something else -- your Plan B, Plan C.. I know people who are 20 years into a business -- where they've done their first year 20 times and failed every time. They haven't had to change their MO because they've put in a cash infusion each year to cover their string of failures. Limited resources result in your second reason for failure. Either their business model was a bad idea or they ran out of resources.
Yes you are right.

Wang Xing was funded by Generous VC so he was playing a different game.

Monetization at an early stage is important who business people who use their own money.

But in current economic climate even investors are cautious about stories on pure growth.
 

Dwight Schrute

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Noël Coward:

"I'll go through life either first class or third, but never in second."

"Work hard, do the best you can, don't ever lose faith in yourself and take no notice of what other people say about you."

"Work is more fun than fun."
 

sparechange

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Good one from Elon Musk

''Stop being patient and ask yourself, how do I accomplish my 10 year goals in 6 MONTHS? You'll probably fail but you'll be alot further than the person who simply accepted it would take 10 years.''

Kinda like the 10x principle from Uncle G, aim big.

Which compliments this one from MJ

We want entrepreneurs to succeed, the problem is the disconnect with your actions; your effort is not of a millionaire ~ MJ DeMarco
 

OneLife

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It hit me hard soon as I saw the quote;

"We all die. The goal isn't to live forever, the goal is to create something that will". -Idk
 

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