2/ Humans are terrible at intuiting exponential growth and long tail distributions. As a result, most entrepreneurs dramatically mis-estimate risk. Winning markets that look easy is much harder than you'd think, and markets that look hard are often way easier than you'd expect.
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3/ Starting a SAAS company (or ecommerce, social, consumer app company, etc.) is far more risky than expected -- it's a crowded market, hiring is hard, and scaling is hard because bigger companies with distribution are going to run directly at you as soon as you have traction.
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4/ Counter-intuitively, starting a supersonic airplane company (
@boomaero) is far less risky than most expect. You have almost no competition, engineers would kill to work on something meaningful, and if it flies you are worth $20 billion!Show this thread - End of conversation
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SF is the only place I've ever lived where I can bounce wildly crazy ideas at people without getting laughed at. It's my fave part about this city.
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It's a thin line between crazy and visionary
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Hello Feathure, the whole thread is compiled now. Read it here:https://threader.app/thread/1087099025701007361 …
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The problems I am solving for my customers are trivial problems to me, but they are happily paying a lot of money for me to fix them
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