A startup is made up of an idea and people who believe in it. The idea is static and so the entire power is of its founders. One of the most surprising things about startup founders is how frighteningly ambitious they are. What qualities are these people to have to make their idea successful?
Of all, certainly not being above-average-intelligent. A basic level is enough. So says Paul Graham. He admitted over-intelligence to be a myth. It is the other qualities that matter. Take a look.
Going forward there are going to be a lot of obstacles. It is important that you are the sort of person that does not get demoralized easily.
You do not want determination to happen along with phrases like ‘ i will never give up’ . That means you are following the idea blindly. The world of startups is so unpredictable that you may need to modify your dreams on the fly. You have to go up, under, around or even sideways to get there.
The part of intelligence that matters the most is imagination. It is not important to solve a problem quickly as to be able to come up with surprising new ideas. No to worry if the idea is toyed as bad. Most startup ideas look bad initially. Had they not, someone would have been doing them already.
It is ok to break rules, but not rules that matter. Morally, you have to care about getting the big questions right but not about observing proprieties. Have fun anyway.
Most big startup successes have two or three founders. And the relation between them has to be strong. They have to fit well together. They need to like one another. Startups do to the relationship between the founders what a dog does to a sock: if it can be pulled apart, it will be pulled apart.