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Will Startup Jumpers Hit It Big? Silicon Valley’s Latest Debate Is Portfolio vs Persistence

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@bentsmithfour talks about 'Portfolio vs Persistence' from start-up founders, early employees perspective here:

What do others on 106 miles think?

I agree with his premise: quality trumps quantity.

As an individual, choosing fewer startups of as high quality as possible seems like a great strategy. You get more time to gel with great people, improving your chances of success.

Teams that have more time together learn to perform well together.

And most of us are better off working on one great opportunity than several so-so ones.

In my opinion, tenacity is one of the most important traits in an entrepreneur. Look at guys like Jeff Bezos, Elon Musk, Reed Hastings, Steve Jobs — all guys who have hit very bleak patches with their companies but they never gave up. You have to have a vision and you have to be committed to weathering the inevitable storm to bring that vision to life.

Agree with @Ray wholeheartedly. And I would take @Adam's quality trumps quantity to the other extreme and say the quantity of '1' is perfectly good number to shoot for, as depicted by all the examples @Ray points out. (-:

The portfolio theory is the wrong tool to apply for start-ups, specially if you are an entrepreneur who can only diversify over 3-5 start-ups over your career as opposed to some of the investors who can deploy shotgun approach and build a portfolio of a few dozen or more start-ups.

The notion of building a portfolio misses the idea that the thing that makes 'the start-up' a success is YOU.

That said, it's important to make sure you're always somewhere where you can create a lot of value.

If that's not happening, you owe it to yourself to take a good hard look at whether you could create a lot of value elsewhere.

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