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blog.pmarca.com: I think I can, I think I can (pmarca.com)
7 points by luccastera on Sept 26, 2007 | hide | past | favorite | 6 comments



Who thinks they won't do a good job at doing a startup, but does it anyways? And thus, succeeds?

Healthy self-doubt is one thing, but are you supposed to be riding the line between self-doubt and giving up? (if so, I guess I'm on the right track)


This article really hits the nail on the head with why I think there's a Web 2.0 bubble. People are not starting firms because of they think they can bring something both unique and compelling to a particular area, but because they want to have a start-up. Oh, and get filthy rich too. The investors are as much to blame by throwing cash at them. Facebook. 10 billion. My ass.

I love having my own company, but I also know what a roller coaster ride it is and that if you're not in it for the right reason, you're just going to come away with trauma and bruises.


So the moral is, lose your confidence and think of yourself as a no-good loser. Then the billions will start flowing in.


I'm a no-good loser! How come I'm not rich yet? ;-)


An earlier draft of the paper cited, full text available for free:

http://www.diw.de/deutsch/produkte/publikationen/diskussions...


This is really interesting. PG seems to have recognized this for some time, though - you almost have to coax the entrepreneurs out of the engineering school. The best ones don't start out full of confidence.




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