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and sam altman sold loopt for ~funding and change. people have successful second acts after failed first ones. you get valuable experience running a startup eve
by swyx 4y ago
and sam altman sold loopt for ~funding and change. people have successful second acts after failed first ones. you get valuable experience running a startup even if it doesnt have a good outcome. encourage you to not have such a cynical view of things.
- echelon 4y agoPlus we wouldn't have really known a priori that subscription box business models suck. Solving for the economic fitness functions of the world requires compute, capital, and labor investment. Mental models alone are shallow.
- lotsofpulp 4y agoNear 0% interest rates might be requisite too, or at least whatever you “solve” for at 0% will not necessarily be a solution at 5%.
- echelon 4y agoAbsolutely. It's probably the case with many businesses.
- swyx 4y agoi should also add that something like (i cant be bothered to research exact number but its there) 4 out of 5 MANGA CEOs are now MBAs lol and arguably they're all pretty good at their jobs. techies randomly shitting on business school is so last decade
- Nullabillity 4y ago"Business people tend to like giving business school people jobs" isn't exactly a new insight, and doesn't say anything about whether they're actually qualified for them.
- yawnr 4y agoNah. People who go to b school are just out of ideas in their mid 20s and have already run a marathon. (Joking, mostly)
- Nullabillity 4y agoAnd how he's gone from selling blockchain bullshit to selling AI bullshit? Yeah, not exactly someone to emulate either.