How Not to Fail: No Money, No Plans, No Technology

The speaker argues that models for success cannot be copied due to unique combinations of luck and timing. Instead, he focuses on the common keys to failure: money, plans, and technology. He believes that ample money often leads to careless decision-making and prioritizing throwing money at problems instead of solving them creatively. He emphasizes the importance of starting with minimal resources and building from there. He dismisses the notion of being a tech company and emphasizes the importance of being a service company that serves users. He asserts that plans are fine but they always change, and it is crucial to adapt constantly to the circumstances. He encourages following the mission and vision rather than blindly following the initial plan. By doing so, one can achieve success.

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