François CholletVerified account

World's ponzi sheme in a nutshell.

Even DARPA is reluctant to fund the same problem twice, as if it's embarrassing to admit it wasn't solved the first time.

Whole countries created based on that. You point to a reasonable solution for any particular problem and hears 'that's just impossible'.

I find the thinking is more cost of new solution vs range of benefit of new solution. Cost tends to be underestimated and value overestimated by those making the proposal. There’s also huge opportunity cost

Governments too, obviously. Recognition-primed decision making is critical in an emergency, but fatal if overused.

This is a perfect definition of "minimum viable product"

me: mom i want *PRODUCT*! mom: we have *PRODUCT* at home! *PRODUCT* at home: an inadequate solution

You can also optimise the cost of change and the cost of inertia . The solution dépends on your Time horizon and your competitors. this capacity to choose efficiently reveal a great entrepreneur. Thanks for the thought.

On the other hand, truly great products are those which don't need to be replaced.