@fmbutt @paulg @timoreilly the risk-adjusted return on founding is already negative, yet they keep doing it. Maybe it's not about money…
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@paulg@fmbutt@timoreilly id honestly love to see perf data on YC cos based on how they answered the why q in the app. -
@StartupLJackson@fmbutt You mean why did they pick this idea? How would you classify the answers? -
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@StartupLJackson@paulg@fmbutt I'll bet the most successful say.. " solving a problem I experienced" (and became passionate about it ) -
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@paulg@StartupLJackson@fmbutt@timoreilly millions play the lottery despite the negative expected return. Hope is a strong draw -
@EAWharton@paulg@StartupLJackson@fmbutt And we should be ashamed that that’s how we raise gov revenue, rather than w a fairer tax system -
@timoreilly@paulg@StartupLJackson@fmbutt 100% agree. My favorite approach to the income distribution problem is a Basic Income
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@paulg@fmbutt@timoreilly all I know is they keep raising our taxes in CA and, besides Arrington, we're all still here. - 1 more reply
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@paulg@startupljackson you're arguing founders are primarily motivated by the hope of money? eesh, when'd you get so cynical? -
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@startupljackson@paulg Hope of Influence seems more arguable
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