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What does 10x refer to? If it's the spread between min and max, then it's obviously true. If it's the spread between median and max, then it's easy to sympathi
by smilliken 6y ago
What does 10x refer to? If it's the spread between min and max, then it's obviously true.
If it's the spread between median and max, then it's easy to sympathize with it being true. The median startup has 0 or negative economic contribution. Similarly, there's a lot of programmers that create tech debt or low value, so 10x that isn't so outrageous.
What about CEOs? Whats the difference between a median CEO and the best CEO ever? That's got to be way more than 10x.