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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    1. Paul Graham‏Verified account @paulg 7 Apr 2019

      It's not uncommon in the startup world for a new idea to be dismissed by know-it-alls simultaneously with growing rapidly among early adopters. I'm not sure why, but these ideas seem to do even better than the ones that aren't dismissed by know-it-alls.

      93 replies 367 retweets 1,824 likes
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      Paul Graham‏Verified account @paulg 7 Apr 2019

      Perhaps the reason is that these ideas seem to the know-it-alls not merely unpromising but also presumptuous, and since risk is proportionate to reward, a presumptuous idea that actually works is likely to pay off big.

      3:11 PM - 7 Apr 2019
      • 31 Retweets
      • 303 Likes
      • TMS Mohammad golam Robbani The Architect: Hendrix UnderbiteAussie Kingston coreygwin.eth Seco Alex Schleber 🔴👽😷 Daniel Batalla
      15 replies 31 retweets 303 likes
        1. Paul Graham‏Verified account @paulg 7 Apr 2019

          I realize "know-it-alls" is a goofily retro term, but it's apt here, because you'd need to be God to dismiss startup ideas confidently. It's not because I'm extra polite that you don't hear me doing it. It's because I have enough experience to know how dangerous it is.

          17 replies 42 retweets 408 likes
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        1. ian parkinson‏ @iparkinson000 7 Apr 2019
          Replying to @paulg

          A general attitude of "everyone knows you don't do that" raises the social cost of doing something so reduces the number of people pursuing that solution. When someone just does it they face an empty field and thus have higher growth rates than when there is some competition

          0 replies 1 retweet 1 like
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        1. George‏ @user79826 7 Apr 2019
          Replying to @paulg

          love this phenomenon, when i’ve experienced it it feels like a meme. everyone ‘understands’ it and is energized to choose a side some get upset and some fall in love

          0 replies 0 retweets 0 likes
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        1. Robin Debreuil‏ @debreuil 7 Apr 2019
          Replying to @paulg

          Also, something that requires a know-it-all to change their world view (which they won't) is probably a new way of looking at things. Then early adoption indicates it isn't just a new 'bad' way of looking at things :).

          0 replies 0 retweets 0 likes
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        1. Alex Freeman‏ @thealexfreeman 7 Apr 2019
          Replying to @paulg

          Could be other reasons too. I saw an early pitch by @airwallex to an angel group. It sucked. The angel group declined to proceed. Now on track for 🦄 status

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Carlos Mendez‏ @charlesmendez 7 Apr 2019
          Replying to @paulg

          How do you minimize that from happening at YC?

          1 reply 0 retweets 0 likes
        3. Paul Graham‏Verified account @paulg 7 Apr 2019
          Replying to @charlesmendez

          Care more about the founders than the idea.

          0 replies 2 retweets 12 likes
        4. End of conversation
        1. Michael Samy‏ @MikeSammigan 7 Apr 2019
          Replying to @paulg

          Perhaps it's because there is an element of luck involved, and "know it alls" fall into a trap of thinking the rules are the same as when they played the game and won.

          0 replies 0 retweets 1 like
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        2. Tony Fumano‏ @TonyFumano 7 Apr 2019
          Replying to @paulg

          I think when people say “it’ll never work” it often means they don’t want it to work (for various reasons). The more emotional the response, the more it indicates the idea is connected to something significant.

          1 reply 0 retweets 1 like
        3. Soren Larson‏ @srnlrsn 7 Apr 2019
          Replying to @TonyFumano @paulg

          Have personally witnessed this

          1 reply 0 retweets 1 like
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