Fail Fast, Learn Faster - dunning Kruger effect

Humility is crucial in co-founder relationships and enables open conversations. The Dunning-Kruger effect highlights that those with limited knowledge often overestimate their expertise, while true experts recognize the vastness of what they don't know. Many individuals are trapped in a state of overconfidence, leading to strong yet uninformed opinions. Successful collaboration occurs with those who are humble enough to reassess their views when presented with contrary information. In startup environments, it is often the case that being wrong is more common than being right. Embracing failure quickly is essential; those who struggle to acknowledge mistakes or double down on poor decisions hinder progress. Learning from failures and moving on is vital for early-stage companies to thrive.