Founders Who Got Lucky

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Some founders get lucky and achieve a successful exit of their business.

They were in the right place at the right time with the right solution.

Investors should be wary of founders who got lucky.

Their luck may have come early in the life of the startup.

It's often the case that they haven't built the skills necessary to launch and grow a startup.

Successful founders typically have several years of experience, but an early exit may have cut this short.

When those who got lucky start their second business, they assume the conditions will be the same.

They assume they will have a great product, and traction will come easily.

But the conditions that played out on the first startup will rarely be there for the second one.

The challenges of a startup are what make the founder.

The hard times become the lessons that they take with them throughout life.

If they skipped the hard times, then chances are they don't have the skills needed to take a startup through to an exit.

As an investor, be wary of founders who got lucky.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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