5 ms·
> Quitters never win and winners never quit, but those who never win and never quit are idiots. That is pretty much the definition of survivorship bias, in tha
by duncan_bayne 9y ago
> Quitters never win and winners never quit, but those who never win and never quit are idiots.
That is pretty much the definition of survivorship bias, in that you never know which of those groups you fit into in advance (or possibly ever).
- diminish 9y agoAs someone once wrote: Most successful startup advice is tautology or survivorship bias.
- WalterBright 9y agoOn the other hand, the failure rate for those who never try is 100%.
- eru 9y agoI wouldn't call getting a large steady paycheck at a nine-to-five a 'failure'.
- mlevental 9y agoneither would the person you responded to; clearly they're talking about failing at a successful startup
- eru 9y agoI'm not sure. Why would people "who never try" end up at a startup, successful or otherwise? EDIT: Hmm, I guess you meant "fail at having running a successful startup?" Yeah, probably.
- bryanrasmussen 9y agoSince I've never tried swimming, I drowned.
- Retric 9y agoNever doing a startup != failure.
- coldtea 9y agoOnly if one doesn't account for the opportunity cost. E.g. if one tries and fails 5 times and ends up nowhere (or in debt), another person that never tried but used the same time and effort and got to a 200K salary has it better.
- Retra 9y agoThat's the tautology part.