What time do you go to bed Mr. Graham
Investors and journalists are both in the business of predicting startup outcomes. But investors get paid for making predictions that are correct, and journalists for making predictions that are interesting.
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I live in England.
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A hackernews-like website where accredited investors can upvote predictions on startups, ideas, market needs would be cool. Like a stackoverflow of fixes to business problems
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This is heading that way: http://SimSaaS.co
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Predictions are useless when you don't have skin in the game.
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Because one has a mechanism for being held to account for those predictions, the other doesn't.
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They are both held to account. If a journalist keeps writing interesting but completely wrong stuff, we stop reading him. This line that financial journalists are reckless just to be interesting at the expense of facts is nonsense.
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Taco trucks and investors are both in the business of predicting startup outcomes.
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Perhaps not surprisingly, on Twitter it also seems that interestingness often wins against correctness or usefulness, and people have optimized for that.
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Investors get paid for making predictions that are correct in a few years, journalists get paid for making predictions that are interesting today.
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