The Hidden Risks of Playing It Safe: Lessons for Founders and Entrepreneurs

At Digital Asset Monetary Network, Inc. (DigitalAMN), we understand the delicate balance founders face between taking risks and playing it safe. While some risks lead to transformational success, others highlight critical lessons. Inspired by John Romano ’s recent post in the Wealth Builders Society (WBS) and Chris Tottman ’s thought-provoking reflections, we explore why calculated risks are essential for founders navigating today’s rapidly evolving markets.?

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Why Risk Matters??

Peter Thiel’s famous advice to Mark Zuckerberg encapsulates it best: “In a world that’s changing so quickly, the biggest risk you can take is not taking any risk.” Stagnation—failing to adapt, innovate, or move forward—is the surest path to failure. For founders, taking calculated risks isn’t optional; it’s a necessity.?

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When Risks Paid Off?

Netflix Transitioning to Streaming (2007):?Netflix made a bold move by shifting from a DVD rental service to streaming, even though internet speeds were not optimal at the time. This calculated risk allowed Netflix to redefine on-demand entertainment and emerge as a global leader in the industry.?

Amazon Expanding Beyond Books (2000s): Amazon took a calculated risk by venturing beyond its niche of selling books into diverse product categories such as electronics and household items. This bold move allowed Amazon to evolve into the world’s premier e-commerce platform, redefining online retail.?

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When Risks Didn’t Work?

Quibi (2020):?Quibi took a significant risk by launching a short-form video streaming service aimed at mobile users in a market already dominated by YouTube and TikTok. However, the platform failed to resonate with its audience, leading to its shutdown within six months due to poor user adoption and an unclear value proposition.?

Microsoft’s Acquisition of Nokia (2013/14):?Microsoft took a significant risk by acquiring Nokia’s mobile division to strengthen its Windows Phone platform. However, the partnership struggled to compete with dominant players like iOS and Android, ultimately resulting in substantial financial losses for Microsoft.?

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Go Further Together: The Role of Community?

At DigitalAMN, we believe that founders don’t have to navigate these risks alone. The Wealth Builders Society (WBS) exists to help empower entrepreneurs with the resources, insights, and connections needed to make informed decisions. By joining WBS, founders (and investors, in fact) can:?

• Share experiences and lessons from their own risk-taking journeys.?

• Gain mentorship and advice from seasoned investors and industry leaders.?

• Build confidence in embracing calculated risks that drive growth.?

• Garner the support of 'everyday' people who want to invest in your venture, buy your products and market the opportunity you represent.?

• Participate in DigitalAMN’s Public Accelerator-Incubator (PAI) programs.?

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“You Have to Let It All Go, Neo—Fear, Doubt and Disbelief” – Morpheus:? TAKE THE LEAP!??

In a world of constant change, success belongs to those who dare to adapt and innovate. Whether you’re planning your next big move, or overcoming fear of failure, DigitalAMN offers tools such as its innovative PAI program, and online support platforms such as WBS, to help you thrive and grow.?

Ready to join a community dedicated to entrepreneurial growth? Let’s take calculated risks—together.?

Learn more and connect with us Today:? WBS LinkedIn Group?