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You can't treat statistics about humans the same way you treat probabilities about trajectories in a mechanics experiment. People live in a level two chaotic sy
by tw1010 8y ago
You can't treat statistics about humans the same way you treat probabilities about trajectories in a mechanics experiment. People live in a level two chaotic system, which means that the existence of statistics can affect future outcome. Statistics say your age or race (or whatever) isn't optimal to do what you want to do (e.g. be a successful founder)? Screw that! Be the actor that wobbles future statistics, proving we're in a level two world! Force those statisticians to scratch their head when their models don't work out right!
These statistics should certainly be interesting for investors, but there are so many more factors of the equation (like personality, drive, grit, access to capital through friends, etc) that are probably much more significant (even in a rigorous statistical sense) to the outcome of a company, that founders themselves are better off just ignoring it. And besides, a founder is a high agency individual, are you really going to let age (whether it be too old or too young) stop you?
- pdimitar 8y agoPeople at 18-25 are largely impatient and willing to invest crazy energy and time in very insignificant (for the revenue) directions. I think it's pretty normal to stereotype young people, especially having in mind that most of us were impatient and lacked focus / direction at our younger age as well. Exceptions do exist. My wife is 22 and has to be the most patient and level-headed person I ever met. But those exceptions are very few and far between. Again, it's a pretty safe bet to stereotype young people.