Something I’ve learnt in building ventures… Murphy’s Law is real.
Everything that can go wrong, will go wrong.
And the corollary in venture building is: Everything will take twice as long and cost twice as much.
So your assumptions and models are always wrong. The question is by how much are they wrong?
How to think and act:
- Expect everything to take longer.
- Ensure access to enough cash and resources to survive longer.
- Identify assumptions, iteratively validate them to create certainty.