
#28. What Predicts Startup Success?
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Is it better to build a brilliant product or just market the heck out of an average one? Do honest founders win in the long run, or are deceptive tactics more profitable? And when it comes to success, is impact more important than money?
In this episode of Drip Trickle Flow Flood, we break down an article from Entrepreneur magazine that analyzes how 7,000 founders ranked the ingredients for startup success. Expect real talk, lived experience, and a few strong opinions (as always).
We discuss:
- Execution > Marketing? The data suggests founders who prioritize execution outperform those who lead with hype. But in a noisy world, does marketing still matter?
- The Deception Dilemma: Some entrepreneurs do build their entire business model on misleading tactics.
- Fame vs. Impact: Many founders are obsessed with looking good instead of doing good. But investors (and customers) don’t always care about your version of “impact.”
- Blunt Honesty Isn’t Always Best: Interestingly, the data showed that while honesty ranked high, blunt honesty ranked lower, suggesting nuance matters in communication.
- Consumers Have Power: While you can’t control every shady business model, you can make thoughtful buying choices and vote with your dollars to support what matters to you.
Whether you’re building a startup or just love analyzing founder psychology - this one’s for you!
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