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Innovation has never been that simple. Entrepreneurs were long considered fraudsters, and investors could lose everything.
Let me share a historical case: In 1866, entrepreneur Cyrus Field accomplished what seemed impossible—laying a transatlantic telegraph cable.
Suddenly, the Queen of England and the President of the United States could exchange greetings via telegraph.
Field became a national hero.
But three weeks later, the cable broke. The newspapers that had once cheered him began spreading rumors, claiming Field's entire project was a scam designed to hype worthless stocks.
Some even insisted the news of the successful telegraph transmission was fabricated.
Field turned into a universally reviled fraudster.
But he didn't stop. He spent another eight years improving the technology, even going bankrupt along the way.
Finally, the cable became stable and operational. It turned into the nervous system of global finance, commerce, and news.