Aravind Srinivas, CEO of Jeff Bezos-backed Perplexity AI, believes many startup founders fail because they chase market trends instead of working on problems they truly care about.
What Happened: During a June 2024 episode of the Lex Fridman Podcast, Srinivas shared his thoughts on why many startups fail. He argued that passion and personal interest in a problem are essential for long-term success.
“I think the thing that most people get wrong after they've decided to start a company is work on things they think the market wants,” he said.
Adding, “If you work from that perspective, I think you'll give up beyond the point because it's very hard to ...