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Entrepreneurial Thought Leaders (ETL) cover image

Josh Wolfe (Lux Capital) - Investing at the Cutting Edge

Entrepreneurial Thought Leaders (ETL)

NOTE

The Importance of Imagining Failure

Finding entrepreneurs and sectors with minimal competition and high barriers to entry is crucial for success. Being able to identify unique, technical spaces gives entrepreneurs a higher chance of raising capital and succeeding. Failure comes from failing to imagine failure, which is why a partnership with both an optimist and a realist is important. The best entrepreneurs often have a chip on their shoulder, feeling undervalued by society, and this drives their determination. Rather than just wanting to change the world, they have something to prove. The most successful people have faced doubt and criticism, but they use it as fuel to prove themselves.

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