Sometimes early traction or attention or success with investors goes to founders' heads. Unless the founders are very young, this is a strong predictor of failure.
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Can you clarify why youth is a mitigating factor?
The younger you are when you make a mistake, the higher the probability you made it because you were inexperienced, rather than a fool.
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That explains Bitcoin.
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That's why I'm starting at 22.
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In this case would it make sense to say: The probability of success is proportionate to the no. of mistakes made? Which no. of mistakes has no correlation to length of time. Then youth is not a factor for success, but the space for failures and learning from them fast.
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*then experience is not a factor for success
End of conversation
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If the only people who are inexperienced are the young, that would mean older people aren’t trying new things. Plenty of first-time founders are older and still run the risk of hubris - and are quite capable learning from that and growing.
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holy moly thats a perfect answer.
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Here’s to Round #2 :-)
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Hahaha "rather than a fool" part really got me.
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