I’m often surprised when reading about startups that critics move to envisioning a world where the startup has won so totally that there is no alternative to their model, which is not what the victory case looks like.
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And as much as I share enthusiasm for living in that hypothetical universe good golly there is a heck of a lot of work between the status quo and the first 1% of that outcome.
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(There’s also a weird ability to forecast only the activities of the startup being criticized but nothing about the wider dynamic system. Surely if the revenue stream of colleges goes down by tens of percent over decades they can find at least one smart person to do something.)
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This implicitly assumes more good faith than I think is warranted. Many of the critics clearly aren't criticising in good faith.
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I don’t disagree, but I think it is very easy to underinvest in good faith, particularly since the returns to it are so happily asymmetric to the costs.
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