Most aspiring founders think success follows a formula â one they can reverse-engineer and apply to their own situation. They believe if they copy what worked for somebody else, theyâll get the same results. But success isnât evenly distributed like that.
The successful founders are outliers.
Yet people will build entire brands and online personas around selling a magic formula â a repeatable step-by-step process to be successful, just like them. But these people â the snake oil salesmen â are only successful because they prey on dreamers.
Iâve had dreamer friends stoked to follow a playbook on launching an Amazon store, or a coffee shop, or an e-commerce brand, or a drop-shipping company, only to find out the person who sold them that dream was selling a playbook for a path that didnât exist.
Even in those cases, the successful are outliers. They found their own path without any real help from the snake oil salesman. It wasnât the formula that made them successful, it was them.
These outliers donât succeed by following the well-trodden path â a magic formula. They succeed by carving their own path â by making enough choices that turn out to be âright,â even if whatâs ârightâ is only obvious in hindsight, never in the moment.
They made choices in uncertainty, fought through self-doubt, adapted and pivoted at the right times, and remained persistent, all without a guarantee that what theyâre doing will ever pay off; without certainty that what theyâre doing is right.
This is anathema to how most people think.
People seek certainty before they act â a guarantee that their work will lead to something â but success requires acting without certainty.
This is the outlier paradox.
The truth is, thereâs no formula. I love to tell founders to not give up too early â because thatâs what worked for me. It took me nearly a year to get Keygenâs first paying customer, and a few more years to make enough to cover expenses, quit my job, and go full-time.
During those early years, the talking-heads on Twitter đ â and even my peers â told me to fail fast â to cut my losses.
Some of my peers gained early traction, and a few even saw explosive growth, while the others failed spectacularly. Some of them pivoted, while others gave up entirely. But even without any early traction, I trusted my gut telling me I âhad something.â
Even without those early signals, I didnât give up.
I thought, if I were to fail, I wanted to fail slowly so that I could exhaust any and every avenue I had at not dying. If I were to fail, I wanted to know that I tried my best â that I tried hard.
I failed a lot, but it was never terminal. I also succeeded a lot, and I saw signs of traction ⊠eventually. Had I cut my losses, I never wouldâve gotten this far. I always wouldâve wondered âwhat ifâŠâ
It paid off for me. But thereâs no guarantee it will pay off for you. And yet, giving up too early only guarantees failure. (Which is the reason I like to tell people to not give up too early.)
Take what Iâve learned â what other founders have learned â not as a magic formula, but as a lesson to influence your pathfinding. Youâll have to navigate your own uncertainties, make choices no one else has faced, and carve your own path through the muck. Youâll have to embrace the uncertainty and not give up.
While youâre doing that, youâll see others succeed while you struggle, and youâll wonder if they know something you donât.
They donât. Everyone is treading water, until they arenât.
There is only uncertainty, until there isnât.