Business Quote by Steve Jobs
““The problem with the Internet startup craze isn’t that too many people are starting companies; it’s that too many people aren’t sticking with it. That’s somewhat understandable, because there are many moments that are filled with despair and agony, when you have to fire people and cancel things and deal with very difficult situations. That’s when you find out who you are and what your values are. So when these people sell out, even though they get fabulously rich, they’re gypping themselves out of one of the potentially most rewarding experiences of their unfolding lives. Without it, they may never know their values or how to keep their newfound wealth in perspective.””
About This Quote
Source Speech: Stanford Commencement Address, 2005
Many startups fail because founders quit during hardship, missing personal growth and value discovery.
In simple terms: Quitting early prevents learning about self and values.
Stay committed through hardship.
Themes
Mood
Type
When to use this quote
- founder burnout
- pivot decisions
- team layoffs
- financial stress
Key Concepts
Questions to Reflect On
- What values have you discovered in tough times?
- How can you sustain perspective when wealth grows?
Success isn’t guaranteed; external factors can force failure.