Similarity between gambling & startup

Mindset between gamblers + entrepreneurs

Photo by Michał Parzuchowski on Unsplash

Funny similarity between gambling in a Casino and running a startup. I’ll share my 2 personal favorites last.

• It’s full of uncertainty, and you have to be comfortable with ambiguity
• Most people want to do it but are afraid of it.
• It helps if you have a lot of chips
• If somebody lends you money before you succeed, they are expecting something from you
• If you choose the right game, the odds are better

Here comes:

-90% quit before they win big

-It’s all about mentality — do not worry about losing.

Jokes aside, you do not run a startup to experience the thrills of risking it all like a maniac with no self-control.

You might feel like you are in the same position sometimes — make one mistake and you will lose everything, but it’s far from that. Making some mistakes doesn’t set you back, they make you better if you are humble.