A wise startup founder proportions their effort to the evidence #shorts
Channel: JDM
Date: 2022-09-18

The fatal mistake founders make is going all-in on the first bet. They take what they think is true, and just run with it. They build products, hire marketers, and find other ways to tilt at windmills. They spend time doing a thing instead of figuring out if it’s the right thing to do.

And it’s nuts!

Instead, make smart bets.
* Little evidence? Little bet.
* Lots of evidence? Maybe you can make a larger bet.

But only expend as much effort as you have evidence.