Growth Mindset

The belief that intelligence, skill, and ability can be developed through dedication and hard work, contrasted with a Fixed Mindset that sees abilities as innate and unchangeable.

Founders with a growth mindset recover from setbacks faster, seek feedback rather than avoiding it, and see challenges as learning opportunities rather than threats to their identity.

Fixed mindset: "I failed at launching this product, I'm just not good at business." Growth mindset: "This launch didn't work. Here is specifically what I learned and what I will do differently next time."