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Conversely, because it probably won't work, is that a good reason not to try? Given the asymmetrical nature of the risk (three weeks is not a huge chunk out of
by elliotbnvl 6y ago
Conversely, because it probably won't work, is that a good reason not to try? Given the asymmetrical nature of the risk (three weeks is not a huge chunk out of my life, unlike three years I spent on a previous startup), it seems like a reasonable investment. If it does work, the payoff is worth the risk imo. Or at least, it was in this case -- which is why I took the risk.
- a13n 6y agoWhile drastically decreasing the amount of risk you take, you're also drastically decreasing the likelihood of success.
- elliotbnvl 6y agoGenerally speaking, I agree... but does it really apply here? Wouldn't I be taking a risk in not taking a risk, thus decreasing the likelihood of success... which should then increase the likelihood of success? I only say this for the sake of argument and I think there's something wrong with this logic, but for the life of me I can't find it.
- cl42 6y agoI think the point he’s making is that you didn’t take enough time to validate either way. If you do this with every idea you can launch and shut down 12 companies a year and not give any one a real chance of validation.