Spending many years working on something that has less than a 1000 to 1 chance of success is irrational. Regardless of the outcome potential. Your expected value should come within your lifetime, not from 1000 parallel lifetimes.https://twitter.com/mwseibel/status/1164945772162342912 …
-
-
Yes, the financial downside may be limited to just a few single digit months, but if your goal is to build and run your own business within your lifetime, then the 1/1000 odds are still very bad. What seems irrational is not the risk of ruin, but the expectation of success.
-
The risk and return profile for YC is very different from that of the founder, but both have very little to lose and better-than-lottery odds of wild, earth shattering success.
- 12 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.