When to pull the plug ? - Printable Version +- Sup Startup (https://supstartup.com) +-- Forum: Startup Forum (https://supstartup.com/forumdisplay.php?fid=3) +--- Forum: Growth Talk (https://supstartup.com/forumdisplay.php?fid=7) +--- Thread: When to pull the plug ? (/showthread.php?tid=8786) |
When to pull the plug ? - Albert - 01-09-2023 When to pull the plug ? There is this phenomenon called Commitment Bias or escalation of commitment. In short: You get data / feedback that your project is failing but keep going after it nevertheless. ? You find a lot out there about failed managers, stupid government projects and even costly military decision-making. ? You find very little about early-stage founders. An example in the startup context might be: People didn't respond well to an idea I had but I built the product anyway. At the end I had to give it up as nobody bought it. Dear community, I would love to learn from stories about founders who fell prey to the commitment bias ?? ?? Do you know a story? ?? Have you experienced this bias in your own project? ?? Do you know a secret place that is full of these stories? Appreciate all of your thoughts about it! [link] [comments] |