Dharmesh Shah says founders from big companies need to stop hedging bets and treating risk like a portfolio. Startups win by taking calculated risks. Playing it safe leads to mediocrity and failure.
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What learnings do you find founders have to unlearn when they're going from a larger company to their own company? Big companies can afford to hedge their bets. Big companies think in kind of portfolios of risk they can afford to hedge. In fact, that's their kind of natural state is to mitigate risk. And so the thing you have to kind of unlearn is that what makes a startup a startup is its willingness to take calculated, well-thought-out risks. If you try to avoid risk, that's the easiest way to fall into mediocrity, right? Because if you do what the average company would do at your scale or any scale, the average company dies. That is not the way to kind of build a breakthrough success. So that's one thing, is to recognize that risk is actually a good thing.