Jerry Colonna's Psychological Insights For The Entrepreneurial
Semil Shah stashed this in Venture Capital
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I'd love to meet people like Jerry. Where are they?
Few and far between are people willing to admit this:
The randomness at which luck is “distributed” is unsettling. It applies a kind of uncertainty that scares people, especially entrepreneurs who think they can will things into existence. We believe in our primal, intellectual ability to figure out everything, but it doesn’t always work that way. We like the idea we can be clever, but the distribution of luck oftentimes doesn’t care about how clever someone is.
I'm really thinking carefully about this one:
We must not confuse resilience with stubbornness.Resilience is obviously important for entrepreneurs. Resiliency is the ability to withstand the vagaries of everyday life, whereas stubbornness is about saying “I’m going to keep doing what I’m doing” no matters what others say, what the markets say, and what the facts say, which is all problematic because it’s too easy to overlay this mode of thinking on top of the tiny fraction of entrepreneurs who succeed. This can make others become more arrogant, more brash, and more in denial. Stubbornness is not changing your mind when the conditions change, while resilience is having the intellectual capacity to not be phased by changing conditions, but also to thrive in them, to thrive on the uncertainty and to transform it into opportunity.