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I'm totally ok funding amateurs. There's a certain freedom that they have in not knowing what's already been "proven" not to work. That said, entrepreneurs wil
by joshu 15y ago
I'm totally ok funding amateurs. There's a certain freedom that they have in not knowing what's already been "proven" not to work.
That said, entrepreneurs will, the vast majority of the time, tell you pretty much exactly why they are a bad investment.
- larrys 15y ago"certain freedom that they have in not knowing what's already been "proven" not to work" Agree. This in fact is actually one of the things that allows younger people to take a chance and succeed whether it be in their parents business or in something they've never done before. Bringing younger people in is not all about younger people having more energy. It's also not being jaded and clouded by things that "simply won't work". In other words knowing to much can be a disadvantage. Having started a business out of college in something that I knew absolutely nothing about and being laughed at by competitors I experienced this firsthand. When I started the second business although what I learned was a help it also hindered me. I knew how difficult things were (and I had something to loose as well..)
- joshu 15y agoonce people get out of their twenties, they are basically a bunch of walking scar tissue, more informed by past failures than future possibilities. our perception of why things didn't work is often flawed. it is often exogenous factors that stops it. i predict someday soon a 22 year old will reinvent pointcast. and this time it will work.