A person with a foundation of knowledge and skills will make more money and most likely live a more meaningful life.
There’s a similar belief in start-ups: technology companies focus on learning over profitability in the early years to maximize revenue in the later years.

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• Start-ups often do better by slapping together something that is 80 percent good and seeing how the public responds

• There’s time to improve things later if the market cares about the produc

Successful entrepreneurs teach us very little. We would do better by analyzing the causes of failure first and then the successes.

The huge failure rate for start-ups is often hidden. We will do well to recognize that these failures hold important information.

The only real similarity...