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The Key Leap of Greatness
If you want to start something gre, you must be different from most people when it comes to your relationship with risk, failure and upside. If you think of risk this way, though, you won't start a break through business. The less risk you take, the more conventional your opportunity will be. By definition, greatness requires a willingness to risk failure. It requires us to realize that risk is not something you avoid. Risk is thing you intelligently take. After being an investor for ten years, i noticed something strange. Over 80 % of our exit profits at floodgate had come from pivots - where the founder started with one product idea, but pivoted to another idea later.