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That's just survivorship bias though. A lot more ready-coded ideas fail which means a lot more wasted time (if making money is the point). I agree that not all
by cinntaile 6y ago
That's just survivorship bias though. A lot more ready-coded ideas fail which means a lot more wasted time (if making money is the point). I agree that not all ideas can be tested that way, some ideas just have to be experienced. For the ones that can be tested in their idea phase, it seems like a good way to prevent doing too much when the interest just isn't there. At the same time you'll probably miss out on some ideas that need a bit of a runway first, but you're minimizing for downside risk instead of maximizing for upside potential.
- AlchemistCamp 6y agoHow is my question survivorship bias? Other than the sense that any question asked is one of a multitude of candidate questions that "survived" the decision process and made it out into the world, I don't see how asking how a company's "idea" may have been tested is survivorship bias.
- cinntaile 6y agoYou are right, that sentence and the one after that are irrelevant. My mistake!
- AlchemistCamp 6y agoNo worries!