My First Million SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Jun 28, 2021
Building a startup often takes longer than expected, as highlighted by stories from founders like Tim Westergren and Vlad Magdalin. Resilience during tough times, such as the dot-com collapse, showcases the importance of team commitment. The podcast delves into the interplay between passion and success, emphasizing that a genuine attachment to a mission drives perseverance. Anecdotes from competitive leaders reveal diverse motivations, reminding entrepreneurs that the journey is just as crucial as the destination.
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Pandora's Long Road
- Tim Westergren started Pandora in 2000, based on an idea from 1998.
- It wasn't successful for six years, with employees working unpaid for two, and Tim accumulating significant debt.
Webflow's Four Attempts
- Vlad Magdalin, Webflow's founder, tried and failed three times before succeeding.
- He faced financial hardship, including his daughter's surgery and nearly going bankrupt before achieving success in 2014.
Passion and Perseverance
- Success often takes longer than anticipated.
- It's crucial to find ways to maintain passion during the difficult, lengthy process of building something meaningful.
