Fundamentally, venture capital is the business of identifying & believing in ambitious people who need someone to believe in them. The greater the extent to which they're underestimated, the more you stand to gain — why is this *never* articulated?
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Well, yes, those shots are richly deserved. But I don't think that's actually the reason fields get stuck in misconceptions.Thanks. Twitter will use this to make your timeline better. UndoUndo
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I suspect this varies a lot by field? But you shouldn’t expect bad ideas to last long under conditions where the more that rests on them, the greater the *literal* bounty on a correction. And you should expect them to live long where there’s no bounty, only a guillotine
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As much as I enjoy academia bashing, there are bounties there too. They might not take the form of cash but there are people who'd work tirelessly to be recognised for correcting a particular misconception. And there are other bounties too.
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