Live data from Hacker News

Startup Success: How Founder Personalities Shape Venture Outcomes

business.columbia.edu

11–19 of 19 posts

Re: Startup Success: How Founder Personalities Shape Venture Outcomes

#11
post #2

It'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

#12
Let'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.

Re: Startup Success: How Founder Personalities Shape Venture Outcomes

#13
post #2

It'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.

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

#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

#17
post #13

Earlier 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?

This article answers your questions: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10266031/

Re: Startup Success: How Founder Personalities Shape Venture Outcomes

#18

Let'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.

So you think it's you (bad validation of co-founders / partners or so?) or you think you had bad luck? Who did the raising? How big (FTE's / MRR)? I think it's very interesting information if you care to elaborate. I founded over 20 companies over the past 30+ years; I consider 50% a fail and 50% a success. A bunch still run and make me money even though i'm no longer involved, but I really am not interested in many employees or billions or extreme stress.
Post reply on HN