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The myth of the overnight success

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Re: The myth of the overnight success

#11
post #7

Two myths at play: 1. Overnight is never overnight. More probably you just never heard of it before. 2. If you just keep going you will eventually make it. But probably not. ( http://swombat.com/2012/3/10/successful-people ) Believe what you want and act accordingly.

It's not "just keep going and you will eventually make it". It's a question of continuing to learn and make progress towards your goal over a long period of time (in this case, how to build a successful startup). Malcolm Gladwell calls it "deliberate practice". For whatever reason most people can't do it, and that's okay, startups are not for everyone. But if you want to be a Pinterest type success, then that's what…

Malcolm Gladwell calls it "deliberate practice".

Malcolm Gladwell, who has said in an interview that he writes to try out ideas

http://online.wsj.com/article/SB122671211614230261.html

"Q: Do you worry that you extrapolate too much from too little? "A: No. It's better to err on the side of over-extrapolation. These books are playful in the sense that they regard ideas as things to experiment with. I'm happy if somebody reads my books and reaches a conclusion that is different from mine, as long as the ideas in the book cause them to think. You have to be willing to put pressure on theories, to push the envelope. That's the fun part, the exciting part. If you are writing an intellectual adventure story, why play it safe? I'm not out to convert people. I want to inspire and provoke them."

is good, while trying out ideas, at crediting his sources. He correctly sources the term "deliberate practice" to its coiner, psychologist K. Anders Ericsson, a world-leading expert on the subject of the acquisition of expertise.

http://www.psy.fsu.edu/faculty/ericsson.dp.html

Re: The myth of the overnight success

#12
Since moving to silicon valley I've had the good fortune to know a group of highly motivated, talented entrepreneurs. They are some of the leaders in their industry, the spearhead of an important movement.

When I first met them, none of them had achieved wild success. I watched them struggle through failed startups, crap jobs, endless fundraising and calamity.

Now several game changing startups have emerged from this group. I am proud to know them. Not one of them was an overnight success. Just determined hard work, learning, and picking themselves up off the floor.

Re: The myth of the overnight success

#13
One of my favorite examples is YouTube. They actually were about as close to "overnight success" as it gets. It was still something like a year and a half before they had significant traffic and most of us heard of them.

Re: The myth of the overnight success

#16
post #5

Anyone know of any examples of overnight success or close to it? Edit: Maybe Hot or Not?

To me "the biggest overnight success award" goes to Andrey Ternovskiy for Chatroulette. The site climbed high in rankings fast, quickly started generating profits, hundreds of clones came to life (of none of course got any traction although everyone was making it better), you could buy the "roulette script" online and do your own site, and Andrey score a visa to US to work on some other startups, as far as I know. This, in any possible measures, especially with someone of 17 years old, I personally call "overnight success".

There was also a guy selling pixels, which was stunning to me how his out of box thinking got him a million bucks (he is working on a cool idea raising charity money for Africa now). Of course plenty other similar website popup, but none got traction.

Re: The myth of the overnight success

#17
post #8

Earlier quoted context omitted.

Something like iFart perhaps? I guess facebook was also a very quick success.

Zuckerberg was already a great programmer before Facebook, and had a number of successful projects under his belt. Facebook also took years to build, its growth was not anything like what Pinterest has been experiencing.

whats kind of successful projects he got under his belt? And define success -- monetary, or huge userbase, or both or what?

Re: The myth of the overnight success

#18
post #7

Two myths at play: 1. Overnight is never overnight. More probably you just never heard of it before. 2. If you just keep going you will eventually make it. But probably not. ( http://swombat.com/2012/3/10/successful-people ) Believe what you want and act accordingly.

It's not "just keep going and you will eventually make it". It's a question of continuing to learn and make progress towards your goal over a long period of time (in this case, how to build a successful startup). Malcolm Gladwell calls it "deliberate practice". For whatever reason most people can't do it, and that's okay, startups are not for everyone. But if you want to be a Pinterest type success, then that's what…

People also regularly underestimate the amount of determination you need. It's not only that Pinterest itself was 2 years in the making, but the founders had created failed startups before that too.

Ben Silbermann started with MightyQuiz in January 2007 (YC backed as well) [1]. He's been at it for 5 years now. That's how long it takes to figure out how to build a successful company.

[1] http://www.linkedin.com/in/silbermann

Re: The myth of the overnight success

#19
post #13

One of my favorite examples is YouTube. They actually were about as close to "overnight success" as it gets. It was still something like a year and a half before they had significant traffic and most of us heard of them.

Also worth noting that they had a huge headstart over most people, as early-stage employees at PayPal.
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