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Founders who persist and learn from failures are more likely to succeed in business.
The notion is if you're taking the risk of starting a company and you fail, you can join another startup nearby, which is a density issue moving online.
The speaker highlights that founders who continue learning and applying the four money rules are unlikely to fail, even if individual business ideas do.
The future career is entrepreneurship. It's the only career that will survive.
The art of entrepreneurship involves iterating through failures and successes, requiring a certain personality that thrives in uncertainty.
In my opinion, investing in venture is a return-free risk. More money doesn't create more great ideas or founders.
The notion is if you're taking the risk of starting a company and you fail, instead of going back to your mom or dad's bakery to work, your friend down the street has another startup you can go and join. So it is a density issue.
Taking risks is more feasible when you have little to lose. As you gain more, becoming more risk-averse is advisable to protect what you have built.
Keeping a positive attitude and being fearless in pursuing opportunities can lead to personal and professional growth, even after setbacks like losing a job.
Michael Dell has a big fear of failure, which drives him more than the love of winning. This fear is common among successful people who often punish themselves for losses more than they celebrate wins.