Sullivan: Investors only bet on the founder for 2% of entrepreneurs
Breen Sullivan · 98% of Founders Miss the Lever That Gets Them First Checks · Feb 11, 2025 · at 4:46
Breen Sullivan, founder of The Fourth Effect, argues that the vast majority of founders cannot raise venture capital on ideas and charisma alone.
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“If you are not part of that, you know, kind of two percent of entrepreneurs that fall into that lucky bucket, then, you know, people are not likely to bet on the jockey. They're gonna have to see the horse. And that's, you know, that a lot of times that's called the trough of sorrow. So if you're the 98% of founders, you're in that seat. No one's just handing you money for your great idea. You have to execute.”
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