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Epitome of survivor bias. Those who failed by taking on too much risk aren't here to tell their story.
by igitur 9y ago
Epitome of survivor bias. Those who failed by taking on too much risk aren't here to tell their story.
- bkanber 9y agoWhat, they died or something? And now can't tell their story? That isn't survivorship bias at all. You can fail and still tell your story.
- eternauta3k 9y agoIs it possible the terms of a settlement prevent them from posting the story of their failure here?
- nradov 9y agoI've seen a number of people posting comments here that violate settlement confidentiality or non-disparagement agreements using anonymous throwaway accounts.
- jhasse 9y agoThey may be too ashamed to tell their story.
- closed 9y agoOr because of the acute pain of losing be more likely to tell their story. I guess whichever side gets this wrong is exhibiting survivorship bias bias.
- notalawyer 9y agoBut overall, most failed business owners don't whine on the internet.
- peacetreefrog 9y agoGreat response. And people do tell it, there are a ton of "why my startup failed" articles on HN all the time.
- MichaelDickens 9y agoSomething like 90% of startups fail. Therefore, if articles were randomly sampled among people who start startups, we should see 90% of articles about failed startups and 10% about successful startups. But if anything it's closer to the reverse. So even though some people do write about their failures, it's definitely not a proportionate sample.
- digler999 9y agoIsn't it true in many out-of-court settlements, both parties are bound by non-disclosure agreements of the terms ?
- tonyedgecombe 9y agoIt's just nobody is interested so those stories don't tend to get told that much.
- igitur 9y agoMy point about survivorship wasn't about startups succeeding or failing in general and whether they're here to tell their story. It was about taking on excess, uncalculated risk, in this case about not covering your legal arse. You don't see (many) people here telling how they didn't put proper contacts in place, got sued and failed because of that alone. And I postulate that it happens a lot more than most of us think.