It's interesting to see that extraversion actually seems to hurt founders
Startup Success: How Founder Personalities Shape Venture Outcomes
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Re: Startup Success: How Founder Personalities Shape Venture Outcomes
#12Common denominator: founder hubris and founder's syndrome.
Dealing with it currently. It's painful to watch people who think they know everything run a company into the ground, decimating investor money.
Re: Startup Success: How Founder Personalities Shape Venture Outcomes
#13It's interesting to see that extraversion actually seems to hurt founders
Extroversion is lightly negatively correlated to intelligence at around -0.10 - -0.11. Time/interest/motivation spent charming people is time/interest/motivation not spent solving challenging problems.
Re: Startup Success: How Founder Personalities Shape Venture Outcomes
#14Re: Startup Success: How Founder Personalities Shape Venture Outcomes
#15 startup success across stages of a venture’s development - from initial fundraising to exit.
… we know how pointless this all is, right? Not the research (which seems like a solid confirmation of intuitive assumptions and advice) but the industry. I suppose it’s a little rude to point this out on the site started by the guy who made his millions by selling a company to yahoo that ended up being worthless (https://smallbusiness.yahoo.com/stores literally 404s now), but it’s just so brazen in this article…In the post-SV era, I hope we all take the time to consider what other stages of “success” there might be for software entrepreneurs other than raising money from rich gamblers. Like, say, product market fit, profitability, or user satisfaction. Hell, maybe even “did I make the world a better place?”
Tech is changing, but we lucky few in the puzzle-solver class still have an unusually high degree of access to power and autonomy, for now at least; I encourage us to use that to dream a little bigger. If you asked Paul Graham what he’s most proud of, I doubt he’d say “making millions of dollars”, anyway!
Re: Startup Success: How Founder Personalities Shape Venture Outcomes
#16Re: Startup Success: How Founder Personalities Shape Venture Outcomes
#17Earlier quoted context omitted.
Extroversion is lightly negatively correlated to intelligence at around -0.10 - -0.11. Time/interest/motivation spent charming people is time/interest/motivation not spent solving challenging problems.
This comment is ridiculous. What are the units of intelligence? Since when is charming people a trade-off against solving problems? Why do you equate extroversion to charming people?
Re: Startup Success: How Founder Personalities Shape Venture Outcomes
#18Let's see. I am on startup 5. The other 4 went bankrupt. Common denominator: founder hubris and founder's syndrome. Dealing with it currently. It's painful to watch people who think they know everything run a company into the ground, decimating investor money.