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Kevin88660

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Wang Xing, founder of Meituan: An entrepreneur fails only in two way- either running out of cash or giving up.
 

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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
 

Voice Angel

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Be "selectively ignorant."

Ignore topics that drain your attention.

Unfollow people that drain your energy.

Abandon projects that drain your time.

Do not keep up with it all. The more selectively ignorant you become, the more broadly knowledgable you can be.
 

Daniel A

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“When we are young we are often puzzled by the fact that each person we admire seems to have a different version of what life ought to be, what a good man is, how to live, and so on. If we are especially sensitive it seems more than puzzling, it is disheartening. What most people usually do is to follow one person's ideas and then another's depending on who looms largest on one's horizon at the time. The one with the deepest voice, the strongest appearance, the most authority and success, is usually the one who gets our momentary allegiance; and we try to pattern our ideals after him. But as life goes on we get a perspective on this and all these different versions of truth become a little pathetic. Each person thinks that he has the formula for triumphing over life's limitations and knows with authority what it means to be a man, and he usually tries to win a following for his particular patent. Today we know that people try so hard to win converts for their point of view because it is more than merely an outlook on life: it is an immortality formula.”
― Ernest Becker, The Denial of Death
 

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"Don't focus on the problem, focus on the solution"
"See yourself as victorious"

- DJT
 

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