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Startups tend either to do many things right, or many things wrong. If doing x right were a coin flip, there would be a bell curve with the peak at doing half right. But it is not a coin flip.
I was just talking to a founder on the phone. I asked how much runway they had. He said "Oh, about 10 years." They still only have 8 people. Then we went on to talk about engineering questions, and they'd made all the right decisions there too.
Guess it has to do with the psychology of the management
What you are really saying is, Decision Making is a very important skill for Founders
That wouldn't be surprising. The surprising thing here is that wisdom trumps domain expertise. People who make the right decisions about the architecture of systems software also tend to make the right decisions about fundraising (once sufficiently experienced).
Because decisions are highly correlated.
LRU cache probably works for decision making quality
> If doing x right were a coin flip, there would be a bell curve with the peak at doing half right. Isn't that a tautology?
Maybe it's also that the smaller the team the more chance of getting an outlier mean, since mean variance=σ^2/N. As company size increases, N increases and skills will likely collide/average out.
It's likely to be a coin flip with memory which lends to power law like outcomes. Here's a simple simulation.https://github.com/JSeam2/AbilityWealthModelling …
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