4 ms·
Couldn't help but draw parallels to startups with "fake it till you make it" mentality. If you're Columbia, you might start off gaming a few metrics, hoping tha
by Ozzie_osman 4y ago
Couldn't help but draw parallels to startups with "fake it till you make it" mentality. If you're Columbia, you might start off gaming a few metrics, hoping that as you rise in the rankings you attract better students, better instructors, more funding, thereby fulfilling the prophecy. Many startups do the same (pretend to have success with the hope that that will attract talent, funding, customers which then does lead to success).
Of course there's never an excuse for misleading people via outright fraud.
- toss1 4y ago>>Of course there's never an excuse for misleading people via outright fraud. Pretty fine and yet hazy line you're drawing there... If you are having to fudge numbers, you are doing it wrong. You are playing with the symptoms and ignoring the causes of success. Get the fundamentals right - the a product, a product-market-fit, and then build. If you have to fake it, you are very unlikely to actually make it, at least honestly. (and yes, you can point to fakers who have even had a successful IPO, but I still don't consider the likes of Uber to have made it - $$billions of investment and still searching for a profitable model - a massive waste of capital and talent, and we still don't have our flying cars)