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by KerryJones
1977 days ago
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Sam Altman has argued against this in a number of places, here's the first one I found:
https://startupclass.samaltman.com/courses/lec01/ Looking at the potential upside is disastrous without looking at the downside. That's what the '00 tech bubble was -- we're prone to HUGE biases and it is important to have constant reminders to bring us back to reality. The founders who have succeeded are known to be _irrationally_ optimistic, literally irrational. This means, statistically, it's a poor choice to do what they did. It means, in some sense of the word, they got lucky. Many founders publicly acknowledge this -- luck was a huge factor. If you want money, being a founder _might_ get you there, but odds are, it won't. Being a founder makes the most sense when you're obsessed with solving a problem and the money is a perk, not a motivator. Transparency: ex-founder of Series B company |
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