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JL

Joe Lonsdale

04/26/24

@ My First Million

You should be aware that many successful entrepreneurs often become overly ambitious after their first success, which can lead to mistakes.

Video

MF

From PayPal Intern to Starting 4x Billion-Dollar Companies | Joe Lonsdale Interview

@ My First Million

From PayPal Intern to Starting 4x Billion-Dollar Companies | Joe Lonsdale Interview

04/26/24

Related Takeaways

JL

Joe Lonsdale

04/26/24

@ My First Million

You should be aware that many successful entrepreneurs often become overly ambitious after their first success, which can lead to mistakes.

TC

Theodoric Chew

04/21/25

@ EO

Having a mix of ambition and naivety can empower entrepreneurs to take bold steps that they might not otherwise consider.

TC

Theodoric Chew

04/21/25

@ EO

Having a huge amount of ambition and a good amount of naivety helps entrepreneurs get started; that dreamer within you enables bolder actions that others might avoid.

MC

Mark Cuban

03/30/24

@ Lex Fridman

Entrepreneurs often overvalue themselves and may exaggerate their understanding of the market or the capabilities of their product.

BS

Ben Silbermann

11/09/16

@ Y Combinator

In moments of self-doubt, I learned that many successful entrepreneurs faced similar challenges and grew by making mistakes and learning from them.

YC

Y Combinator Cast

05/07/22

@ Y Combinator

It's important for founders to understand that the perception of needing to grow rapidly can lead to poor decision-making, such as overspending or neglecting financial health.

MS

Michael Seibel

08/17/19

@ Y Combinator

First-time founders often make the mistake of solving problems they don't care about, which can lead to a loss of motivation and ultimately failure.

YC

Y Combinator Cast

05/20/22

@ Y Combinator

It's common for founders to want to hire an executive team prematurely, influenced by the success stories of established companies, but this can be misguided without product-market fit.

VK

Vinod Khosla

01/09/19

@ Y Combinator

Founders should be ambitious; if they aren't, they'll hire a team to build a zero-million-dollar company instead of a billion-dollar one.