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Start-ups often die in the first 18 to 24 months because of formative mistakes, like choosing a bad co-founder or the wrong corporate entity or an inappropriate platform. Ninety percent of the companies the Founder Institute has created are alive because we've helped them avoid those mistakes.

Start-ups often die in the first 18 to 24 months because of formative mistakes, like choosing a bad co-founder or the wrong corporate entity or an inappropriate platform. Ninety percent of the companies the Founder Institute has created are alive because we've helped them avoid those mistakes.


Adeo Ressi  Adeo Ressi
Tags: World  You  Way  Want  Open-Minded  See 

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Author introduction

Adeo Ressi is an American entrepreneur and investor who is the founder and CEO of TheFunded and The Founder Institute.[1] He has been a fixture in the Silicon Valley since creating TheFunded in 2007.[2] His previous business ventures include methodfive, Game Trust, Total New York, and Expansive Ventures.[3] He has also sat on the board of the X Prize Foundation.[4]

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Some of the traits that make you a great entrepreneur also work against you. Examining data of high-scoring people, we find that oftentimes the world frustrates them: They're super-smart, they're super-capable, and the work quality of their peers is vastly inferior to what they can achieve on their own.

    Adeo Ressi  Adeo Ressi   
 Tags: Work Great Quality World Data You
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Openness explains the ability to innovate and come up with big ideas because you're open to them, and fluid intelligence explains the ability to go and execute.

    Adeo Ressi  Adeo Ressi   
 Tags: Intelligence Ideas You Big Open Up
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Fluid intelligence is not a Big Five personality trait: It's a measurement of one's ability to rapidly learn and apply a rule set. As an entrepreneur, you're rapidly dealing with different issues, and your ability to switch from one issue to another is very important.

    Adeo Ressi  Adeo Ressi   
 Tags: Personality Intelligence Learn You
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There is a saying in entrepreneurship that your early employees are all commandos. Commandos are people who can do almost everything well: emails, strategy, code, design.

    Adeo Ressi  Adeo Ressi   
 Tags: People Saying Design Strategy Early
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Start-ups often die in the first 18 to 24 months because of formative mistakes, like choosing a bad co-founder or the wrong corporate entity or an inappropriate platform. Ninety percent of the companies the Founder Institute has created are alive because we've helped them avoid those mistakes.

    Adeo Ressi  Adeo Ressi   
 Tags: Mistakes Die Bad Alive First Wrong
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The most successful entrepreneurs in the world have a combination of the right type of personality and fortunate life circumstance. A lot of them have been doing it most of their life.

    Adeo Ressi  Adeo Ressi   
 Tags: Life Personality World Doing Right
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An open-minded person running a business might catch a problem faster than a closed-minded person. And when they identify a problem, they can fix it much faster.

    Adeo Ressi  Adeo Ressi   
 Tags: Business Problem Person Open-Minded
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A high openness score means you're open-minded - you see the world for what it is - whereas a low openness score means you're incredibly closed-minded, and you see the world the way you want to see it, regardless of what is actually going on.

    Adeo Ressi  Adeo Ressi   
 Tags: World You Way Want Open-Minded See
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