4 ms·
It worked for the 5% survivors.
by loopz 7y ago
It worked for the 5% survivors.
- jeffrey_garand 7y agoMoving fast has different interpretations if you're a turtle, elephant, or cheetah.
- RodgerTheGreat 7y agoIf you have a 5% chance of becoming a billionaire and a 95% chance of walking away from a failed startup with minor debts and lost time, the math says that your expected value for moving fast and breaking things is still quite high. Of course, if you step outside yourself and also consider the downsides of failure for your employees, your investors, your customers, and the harm that a fast-and-loose approach could do for the public at large, or the environment, (or other externalities, depending on your business) it starts to get less attractive. Being a sociopath who is "only looking out for #1" is a big advantage in business!
- loopz 7y agoThere's no 5% chance of becoming billionaire, but of building a business that survives beyond 2 years, probably with lots of hard work, investment and learnings from past failures.
- deleted 7y ago[deleted]