Juicero was not created to head-fake people with a grudge against Silicon Valley into outing themselves, but it worked that way in practice.
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It's high, but it's hard to say for sure if it's too high.
Founders' ambitions and crazy-ideas-that-aren't are hard to distinguish from BS. So some amount of credulity is optimal.
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Maybe you guys should keep it in a lab until it becomes an actual product.
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Consider the effects of overconfidence. On average, any given founder still loses, those with a portfolio of overconfident founders win
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I know VCs tend favor kill-or-cure strategies, and often warn founders about it.
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Not my insight, from
@StanfordBiz James March, perhaps the most prestigious living organizational theoristhttp://bobsutton.typepad.com/my_weblog/2007/12/james-marchs-qu.html …Thanks. Twitter will use this to make your timeline better. UndoUndo
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I am a fan and bolster of entrepreneurship. I am cofounder of the Stanford Technology Ventures Program. But risks are downplayed too much
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Your assertion at the firm level is on target, I agree 100% and it is one of the joys of the process.
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