Either you change your vision or you will never make money in the crypto market.
Let me show you something.
Unfortunately, we live in a country where we have casinos and betting houses on every street corner and the idea of making quick money is deeply rooted in our DNA.
We have fallen as a nation prey to many pyramid schemes in the past and besides that, ironically, many of them are still going on today.
I receive messages from people asking for my opinion on platform X or platform Y, and all of them are pyramid schemes that promise substantial gains.
Despite this, when we invest in a project at the beginning (start-up) or even one that is already established, we have totally unrealistic expectations of it.
Let me offer you some official statistics from the United States where the idea of doing business and attracting investment is decades old.
- The failure rate for new start-ups is currently 90%. - 10% of new businesses do not survive their first year. - First-time start-up founders have an 18% success rate. - Investors estimate similar failure rates for AI startups. - Salaries represent one of the largest costs for a business. - 34% of small businesses that fail do not have a product suitable for the market. - 22% of start-ups that fail do not have a solid marketing strategy. - A medium venture capital firm receives over 1,000 proposals per year. - Approximately 30% of venture capital-backed start-ups end up failing. - About 75% of all fintech start-ups fail within two decades. - Start-ups in the technology industry have the highest failure rate in the United States.
And with all that, we invest in a few projects and are the most upset that they are not performing.
In crypto, where these rates I think are multiplied by at least 10x compared to the traditional space.
The difference? Angel investors and VCs understand this math and take it on.
In crypto, the world takes no responsibility. It has totally unrealistic expectations, wants only gains, takes personal losses and gives up far too easily.
Mathematics + plan + risk management = profit even if you have a success rate of only 5% (1 project out of 20 performs )
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Either you change your vision or you will never make money in the crypto market.
Let me show you something.
Unfortunately, we live in a country where we have casinos and betting houses on every street corner and the idea of making quick money is deeply rooted in our DNA.
We have fallen as a nation prey to many pyramid schemes in the past and besides that, ironically, many of them are still going on today.
I receive messages from people asking for my opinion on platform X or platform Y, and all of them are pyramid schemes that promise substantial gains.
Despite this, when we invest in a project at the beginning (start-up) or even one that is already established, we have totally unrealistic expectations of it.
Let me offer you some official statistics from the United States where the idea of doing business and attracting investment is decades old.
- The failure rate for new start-ups is currently 90%.
- 10% of new businesses do not survive their first year.
- First-time start-up founders have an 18% success rate.
- Investors estimate similar failure rates for AI startups.
- Salaries represent one of the largest costs for a business.
- 34% of small businesses that fail do not have a product suitable for the market.
- 22% of start-ups that fail do not have a solid marketing strategy.
- A medium venture capital firm receives over 1,000 proposals per year.
- Approximately 30% of venture capital-backed start-ups end up failing.
- About 75% of all fintech start-ups fail within two decades.
- Start-ups in the technology industry have the highest failure rate in the United States.
And with all that, we invest in a few projects and are the most upset that they are not performing.
In crypto, where these rates I think are multiplied by at least 10x compared to the traditional space.
The difference? Angel investors and VCs understand this math and take it on.
In crypto, the world takes no responsibility. It has totally unrealistic expectations, wants only gains, takes personal losses and gives up far too easily.
Mathematics + plan + risk management = profit even if you have a success rate of only 5% (1 project out of 20 performs )
It only takes discipline.