Comments on: Overnight Success http://www.skmurphy.com/blog/2008/11/09/overnight-success/ Startups, Entrepreneurs, and Consultants Thu, 11 Mar 2010 20:25:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: SKMurphy » We Don’t Encourage Individuals to Form a Startup http://www.skmurphy.com/blog/2008/11/09/overnight-success/comment-page-1/#comment-76322 SKMurphy » We Don’t Encourage Individuals to Form a Startup Tue, 09 Dec 2008 05:14:46 +0000 http://www.skmurphy.com/blog/2008/11/09/overnight-success/#comment-76322 [...] SKMurphy “Overnight Success” [...] [...] SKMurphy “Overnight Success” [...]

]]> By: BootstrappersBreakfast » Malcolm Gladwell on Overnight Success http://www.skmurphy.com/blog/2008/11/09/overnight-success/comment-page-1/#comment-70457 BootstrappersBreakfast » Malcolm Gladwell on Overnight Success Tue, 11 Nov 2008 02:11:59 +0000 http://www.skmurphy.com/blog/2008/11/09/overnight-success/#comment-70457 [...] From a recent interview with Malcolm Gladwell by David Hochman in Reader’s Digest on Gladwell’s new book “Outliers: the story of success” (links added). Hochman: Is there such a thing as an overnight success? Gladwell: No. And that’s my concern with a show like American Idol. It encourages the false belief that there’s a kind of magic, that you can be “discovered.” That may be the way television works, but it’s not the way the world works. Rising to the top of any field requires an enormous amount of dedication, focus, drive, talent, and 99 factors that they don’t show on television. It’s not simply about being picked. Which, by the way, is why very few of the anointed winners on American Idol have gone on to true success. Most have flamed out and gone away. That should tell us something. [...] [...] From a recent interview with Malcolm Gladwell by David Hochman in Reader’s Digest on Gladwell’s new book “Outliers: the story of success” (links added). Hochman: Is there such a thing as an overnight success? Gladwell: No. And that’s my concern with a show like American Idol. It encourages the false belief that there’s a kind of magic, that you can be “discovered.” That may be the way television works, but it’s not the way the world works. Rising to the top of any field requires an enormous amount of dedication, focus, drive, talent, and 99 factors that they don’t show on television. It’s not simply about being picked. Which, by the way, is why very few of the anointed winners on American Idol have gone on to true success. Most have flamed out and gone away. That should tell us something. [...]

]]> By: Apolinaras \"Apollo\" Sinkevicius http://www.skmurphy.com/blog/2008/11/09/overnight-success/comment-page-1/#comment-70343 Apolinaras \"Apollo\" Sinkevicius Mon, 10 Nov 2008 03:28:17 +0000 http://www.skmurphy.com/blog/2008/11/09/overnight-success/#comment-70343 Fantastic point #4! From what I have seen lately, investors are done with gambling. Terms are becoming tougher and tougher. VCs want bargains, not someones pipe dreams. Most fund raising events I have seen are actually the opposite of \"accomplishment in and of itself\". Most of them are failures by the entrepreneurs. Why? Because founders give away too much equity for too little money. If they only toughed it out, skipped paying themselves from seed round... I could go on forever. If you need to have 2nd/3rd job, eat ramen noodles, brown-bag lunch, than that is how you have to do it. Figure out how to pay that developer, designer, and etc, Keep the equity, get paying customers. Than if you still need money - go get it. Apolinaras \"Apollo\" Sinkevicius http://www.apsinkus.com Fantastic point #4! From what I have seen lately, investors are done with gambling. Terms are becoming tougher and tougher. VCs want bargains, not someones pipe dreams. Most fund raising events I have seen are actually the opposite of \”accomplishment in and of itself\”. Most of them are failures by the entrepreneurs. Why? Because founders give away too much equity for too little money. If they only toughed it out, skipped paying themselves from seed round… I could go on forever. If you need to have 2nd/3rd job, eat ramen noodles, brown-bag lunch, than that is how you have to do it. Figure out how to pay that developer, designer, and etc, Keep the equity, get paying customers. Than if you still need money – go get it.

Apolinaras \”Apollo\” Sinkevicius
http://www.apsinkus.com

]]>