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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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    Paul Graham‏Verified account @paulg 12 May 2017

    Juicero was not created to head-fake people with a grudge against Silicon Valley into outing themselves, but it worked that way in practice.

    3:54 AM - 12 May 2017
    • 38 Retweets
    • 213 Likes
    • Skimic David Robles michaelkeenan Dheeraj Bhaskar Conor White-Sullivan crowdpouch Diana jordan bates 🧙‍♂️ troy simpson 📈
    18 replies 38 retweets 213 likes
      1. New conversation
      2. Paul Graham‏Verified account @paulg 13 May 2017
        Replying to @paulg

        Criticizing Juicero is fine. What's intellectually dishonest is criticizing SV by claiming Juicero is typical of it.http://slatestarcodex.com/2017/05/11/silicon-valley-a-reality-check/ …

        14 replies 36 retweets 154 likes
      3. Bob Sutton‏Verified account @work_matters 13 May 2017
        Replying to @paulg

        Fair enough. But we also need to own that the B.S. vs hard facts ratio here is often too high. Theranos didn't help

        3 replies 2 retweets 11 likes
      4. Paul Graham‏Verified account @paulg 13 May 2017
        Replying to @work_matters

        It's high, but it's hard to say for sure if it's too high.

        2 replies 0 retweets 1 like
      5. Paul Graham‏Verified account @paulg 13 May 2017
        Replying to @paulg @work_matters

        Founders' ambitions and crazy-ideas-that-aren't are hard to distinguish from BS. So some amount of credulity is optimal.

        5 replies 4 retweets 11 likes
      6. Bob Sutton‏Verified account @work_matters 13 May 2017
        Replying to @paulg

        Consider the effects of overconfidence. On average, any given founder still loses, those with a portfolio of overconfident founders win

        1 reply 0 retweets 5 likes
      7. Paul Graham‏Verified account @paulg 13 May 2017
        Replying to @work_matters

        I know VCs tend favor kill-or-cure strategies, and often warn founders about it.

        1 reply 1 retweet 0 likes
      8. Paul Graham‏Verified account @paulg 13 May 2017
        Replying to @paulg @work_matters

        The reason is more sinister than just the portfolio effect though. There's also the opportunity cost of the board seat.

        1 reply 0 retweets 1 like
      9. Paul Graham‏Verified account @paulg 13 May 2017
        Replying to @paulg @work_matters

        The phenomenon is not as bad as it used to be though. And founders benefit from portfolio effect too, because they can start multiple cos.

        0 replies 0 retweets 3 likes
      10. End of conversation
      1. New conversation
      2. Sarah Cone‏ @impcapital 12 May 2017
        Replying to @paulg

        I have a life-long love affair with Silicon Valley--a remarkable engine of innovation & good--but I still think Juicero is idiotic.

        1 reply 1 retweet 28 likes
      3. Paul Graham‏Verified account @paulg 12 May 2017
        Replying to @impcapital

        Maybe. But there are idiotic things in every industry. So to attack SV for it says more about the writer than about SV.

        2 replies 0 retweets 7 likes
      4. Sarah Cone‏ @impcapital 12 May 2017
        Replying to @paulg

        Yes, there are. And it's the media's job to point out what they are (as well as highlight the good.)

        1 reply 0 retweets 5 likes
      5. Paul Graham‏Verified account @paulg 12 May 2017
        Replying to @impcapital

        No, it's the media's job to write about man bites dog, not dog bites man.

        1 reply 0 retweets 5 likes
      6. Sarah Cone‏ @impcapital 12 May 2017
        Replying to @paulg

        The media should report on the number of dog bites per year, and so on. It should describe reality.

        0 replies 0 retweets 17 likes
      7. End of conversation
      1. New conversation
      2. Bonnie Kavoussi‏Verified account @bkavoussi 12 May 2017
        Replying to @paulg

        I'm a Silicon Valley fan, but the biggest cost of any misallocation of capital in Silicon Valley is the opportunity cost--a better future.

        1 reply 0 retweets 9 likes
      3. Bonnie Kavoussi‏Verified account @bkavoussi 12 May 2017
        Replying to @bkavoussi @paulg

        We rely on innovation for better living standards, economic growth, and an economy/society that's not zero-sum. Big responsibility for SV.

        1 reply 0 retweets 1 like
      4. Bonnie Kavoussi‏Verified account @bkavoussi 12 May 2017
        Replying to @bkavoussi @paulg

        If living standards had improved only half as much between 1900 and now, as they actually did, that would be a huge loss.

        2 replies 0 retweets 0 likes
      5. Bonnie Kavoussi‏Verified account @bkavoussi 12 May 2017
        Replying to @bkavoussi @paulg

        So the fact that Silicon Valley does a lot of good work doesn't make it immune from criticism--we're all counting on it for so much.

        1 reply 0 retweets 4 likes
      6. Paul Graham‏Verified account @paulg 13 May 2017
        Replying to @bkavoussi

        No one thinks SV should be immune from criticism. My point is that this particular criticism is bogus.

        1 reply 0 retweets 1 like
      7. Paul Graham‏Verified account @paulg 13 May 2017
        Replying to @paulg @bkavoussi

        This particular criticism = treating this startup as representative.

        1 reply 1 retweet 2 likes
      8. Bonnie Kavoussi‏Verified account @bkavoussi 13 May 2017
        Replying to @paulg

        That's definitely a good point. People sometimes have a tendency to treat extreme examples as more typical than they are.

        1 reply 0 retweets 0 likes
      9. Bonnie Kavoussi‏Verified account @bkavoussi 13 May 2017
        Replying to @bkavoussi @paulg

        The average startup doesn't get covered because it's average. The news covers the atypical, which by repetition becomes viewed as typical.

        0 replies 0 retweets 0 likes
      10. End of conversation

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