4 ms·
Exactly. This is like being dealt a horrible set of cards in poker and kicking yourself for folding. Let's say you got 2,7 and then found out the cards on the t
by onemiketwelve 6y ago
Exactly. This is like being dealt a horrible set of cards in poker and kicking yourself for folding. Let's say you got 2,7 and then found out the cards on the table turned out to be the rest of the 2s. Folding was still the right move
- hallway_monitor 6y agoI wonder how widely the concept of expected value is discussed outside of poker or statistics. Simple concept, but it can really help with all kinds of decisions in life.
- laurent92 6y agoHi all 3 parents, I agree! 1. It’s incredibly good that the startup founders were actually honest (no last-moment dilution), 2. Stock valuation is poker, although a bit more when you know the company from inside, 3. I’m incredibly thankful towards the owners (Although I’ll hide their name because I don’t have perfect reputation), 4. I’m incredibly thankful towards the economic system which allows us to get at least that. I just wanted to give an example where leaving early wasn’t the perfect choice. But it was as optimized as could be.
- maerF0x0 6y agoYou're right as an analogy, but don't take this as exact poker advice. Poker isn't just about the cards you're dealt, but also the the players you play (with). I wonder if there is a similar idea/point about startups?
- alex_anglin 6y agoI'd suggest that, unlike poker, it's best not to look at a career as zero-sum.