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Well put. Would be entertaining to see the same basic maths with an adjustment for probability of success. E.g. "if you feel the extra confounder increases yo
by kljensen 16y ago
Well put. Would be entertaining to see the same basic maths with an adjustment for probability of success. E.g. "if you feel the extra confounder increases your odds of success 40% ..."
- dasil003 16y agoAt the end of the day though, I don't think this kind of percentage calculation is useful (entertaining, sure). The human mind doesn't work that way. Similarly I think it's a mistake to bring on a cofounder purely for the fundraising benefits. The decision to bring on a cofounder should be based on whether they bring critical skills, connections, and if you really want to work with them. IMHO, going with your gut is going to be a much safer bet than putting a number on it and using that to influence your decision.
- kljensen 16y agoAgreed, not useful, but entertaining. (Similarly, how about a webapp for simulation of various founder /funding scenarios?)