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	<title>Comments on: Your idea sucks, now go do it</title>
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	<link>http://www.udfi.biz/2010/03/your-idea-sucks-now-go-do-it/</link>
	<description>Starting up a startup in new york city</description>
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		<title>By: David Wang</title>
		<link>http://www.udfi.biz/2010/03/your-idea-sucks-now-go-do-it/comment-page-1/#comment-954</link>
		<dc:creator>David Wang</dc:creator>
		<pubDate>Thu, 11 Mar 2010 23:44:19 +0000</pubDate>
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		<description>Jason,&lt;br&gt;&lt;br&gt;Thanks for commenting on my blog!   You are 100% correct, I&#039;ve found myself pushed to the edges and am learning and experiencing so much more than I have before I started this.  &lt;br&gt;&lt;br&gt;Also, while I haven&#039;t had a success like you have yet, I do find little pockets of joy when other entrepreneurs like yourself reply on my blog!  So again, thanks for replying!&lt;br&gt;&lt;br&gt;-d</description>
		<content:encoded><![CDATA[<p>Jason,</p>
<p>Thanks for commenting on my blog!   You are 100% correct, I&#39;ve found myself pushed to the edges and am learning and experiencing so much more than I have before I started this.  </p>
<p>Also, while I haven&#39;t had a success like you have yet, I do find little pockets of joy when other entrepreneurs like yourself reply on my blog!  So again, thanks for replying!</p>
<p>-d</p>
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		<title>By: Jason Cohen</title>
		<link>http://www.udfi.biz/2010/03/your-idea-sucks-now-go-do-it/comment-page-1/#comment-953</link>
		<dc:creator>Jason Cohen</dc:creator>
		<pubDate>Thu, 11 Mar 2010 07:21:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.udfi.biz/?p=270#comment-953</guid>
		<description>Old?  I&#039;m an oldie???   :-)&lt;br&gt;&lt;br&gt;Thanks for the kind words, and of course you&#039;re right to just forge ahead.&lt;br&gt;&lt;br&gt;One note on your VC stats -- actually that&#039;s nowhere near the record of a typical VC firm.  Mike Maples (one of the more famous, vocal, and rich VCs) says he expects 9% success, 91% complete waste of money, and maybe 1 or 2 big home runs.&lt;br&gt;&lt;br&gt;But you&#039;re being unfair as to why.  It&#039;s not because &quot;the experts&quot; can&#039;t pick the winner.  It&#039;s because they&#039;re intentionally going for HUGE exits, and if you want to gamble big you&#039;ll often lose big.  It&#039;s a reasonable bet.... for them.&lt;br&gt;&lt;br&gt;But what you (and I) am interested in is to maximize the chance of having some outcome -- modest is fine. That&#039;s a reasonable bet to -- one that makes more sense for the individual founder rather than a portfolio of companies.&lt;br&gt;&lt;br&gt;In the end of course you&#039;re on the correct path.   &quot;What am I doing with my life if it doesn&#039;t work?&quot;  Answer: You&#039;re doing what almost no one does -- reach further, push yourself so far it&#039;s uncomfortable, have life experiences almost no one has, experience joy equal in magnitude to the pain.&lt;br&gt;&lt;br&gt;In other words, you&#039;re alive and doing something interesting, not wasting away in a job you hate for a company you don&#039;t care about.&lt;br&gt;&lt;br&gt;That&#039;s reason alone.</description>
		<content:encoded><![CDATA[<p>Old?  I&#39;m an oldie???   <img src='http://www.udfi.biz/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p>Thanks for the kind words, and of course you&#39;re right to just forge ahead.</p>
<p>One note on your VC stats &#8212; actually that&#39;s nowhere near the record of a typical VC firm.  Mike Maples (one of the more famous, vocal, and rich VCs) says he expects 9% success, 91% complete waste of money, and maybe 1 or 2 big home runs.</p>
<p>But you&#39;re being unfair as to why.  It&#39;s not because &#8220;the experts&#8221; can&#39;t pick the winner.  It&#39;s because they&#39;re intentionally going for HUGE exits, and if you want to gamble big you&#39;ll often lose big.  It&#39;s a reasonable bet&#8230;. for them.</p>
<p>But what you (and I) am interested in is to maximize the chance of having some outcome &#8212; modest is fine. That&#39;s a reasonable bet to &#8212; one that makes more sense for the individual founder rather than a portfolio of companies.</p>
<p>In the end of course you&#39;re on the correct path.   &#8220;What am I doing with my life if it doesn&#39;t work?&#8221;  Answer: You&#39;re doing what almost no one does &#8212; reach further, push yourself so far it&#39;s uncomfortable, have life experiences almost no one has, experience joy equal in magnitude to the pain.</p>
<p>In other words, you&#39;re alive and doing something interesting, not wasting away in a job you hate for a company you don&#39;t care about.</p>
<p>That&#39;s reason alone.</p>
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