Kuusi: Advice from successful founders suffers from extreme survivorship bias
Miki Kuusi · Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953 · 20VC with Harry Stebbings · Nov 28, 2022 · at 59:41
Miki Kuusi, co-founder of Wolt, warns listeners that startup advice from successful founders is biased because it only comes from winners.
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“Every advice you hear from an entrepreneur, Always be mindful about that, because like, you know, first of all, entrepreneurs, they're successful telling advice. It's like a lottery millionaire telling that, you know, keep on betting. You're gonna eventually win. It's one in fifteen million. Like, keep on going. Like, the point is that, like, you have to take every piece of advice with a grain of salt.”
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