Comment on Experience or Ability – Which is More Important? by Financial Slacker.
I do agree. Without a strong foundation of skill and potential ability, experience is not enough.
But I like what you said about having someone with experience to develop and guide someone with ability but lacking experience.
Financial Slacker Also Commented
Experience or Ability – Which is More Important?
That’s a great point, FTF.
Drive, a strong desire, perseverance – whatever you call it – is an attribute that may be even more important than ability or experience.
I appreciate you commenting.
Experience or Ability – Which is More Important?
Overly aggressive expectations is one of the big reasons things go bad at LBOs and I’m thinking the same applies to startups.
When I worked at a firm that went through an LBO, the deal was structured with high levels of debt and growth requirements that weren’t realistic. Luckily our investor group was open to renegotiation as we had to go back several times. Of course, you give up something every time.
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