Assignment 13

I read the book Lost and Founder, by Rand Fishkin. The thing that surprised me the most is how common failure is. His companies failed from setbacks on numerous occasions, and he writes that this is extremely common for entrepreneurs. The thing I liked most about Fishkin was the fact that he was able to acknowledge his own incapability and willingly hand over the power of CEO to someone else when he realized that he could not continue leading effectively. The thing I liked most about Fishkin were his reasons  for writing the book. He says that he wrote this book to help other founders of companies to avoid making similar mistakes and pitfalls. Fishkin did encounter plenty of failure. He suffered from numerous setbacks,  but after years of trial and error succeed and conquered the obstacles. The fact that his company Mod, was worth $45 million lends credibility to Fishkin's competency. Something that left me confused were the sections talking about the specific process and technicality of the CV. The first question I would ask is in his opinion, what does the typical reader of his book look like? are they old, young, decisive, dedicated? Also I would like to ask what are some of the best ways to raise revenue from VC's when seeking an investment. I think Fishkin's definition of hard work is persistence. This is an important skill because the entrepreneur will experience failure, and the ability to work through it consistently takes hard work. I do share that same opinion because if you process the personality trait to fight through failure, hard work must be manifested.