3 ms·

Are humans always doomed to fall for survivorship bias?

• raunometsa 5y ago
  I'm sure there are many other founders who were running out of money and didn't succeed! :) But I still believe that running out of money is super motivating, although we shouldn't look for it. It's just we need to focus on making money with our side projects. When we're not running out of money, it's easy to focus on everything else, postpone stuff, etc.
  • deleted 5y ago
    [deleted]
• czbond 5y ago
  Survivorship bias should mainly apply to the project, but be separated from the founder. For startups - I think everyone should intuit and realize that the chances of success are low. A startup's natural state is death - because a founder has to put in excruciating effort to push it alive across market, product, customers, revenue, etc. Death is the default state for ALL of these areas. This means a founder might not succeed on tries 1,2,3,4,5....10. Mainly because of the combination of multiple factors to get growth AND the founder and founders teams skills. However, if one's outcome IS to exit successfully - it could take years, decade(s) but still possible.. Each founder has to determine if it is worth it. If one cannot fathom working 60-80 hrs a week for 7 hrs for little to no pay for the possibility of exit - please don't do anything more than start small side projects.
• bongoman37 5y ago