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2024-09-21 15:33:52

halalmoney on Nostr: “Silicon Valley selects for highly (over)confident founders – people who are ...

“Silicon Valley selects for highly (over)confident founders – people who are willing to gamble big on contrarian ideas that have a low intrinsic probability of success.” That may be good for innovation – and for venture capitalists, when a bet they’ve made pays off. But it might not always be good for the rest of us. “[SBF’s] luck was almost inevitably going to run out at some point,” he concludes. “But we all got lucky that it ran out as soon as it did.”

https://apple.news/AHRuWZvcwR667hpe-6b7NxQ
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