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“Most people want certainty. They want to feel comfortable. And then the true founders, they want to find chaos, and they want to turn chaos into order.” Garry
by skmurphy 3y ago
“Most people want certainty. They want to feel comfortable. And then the true founders, they want to find chaos, and they want to turn chaos into order.”
Garry Tan
I thought this quote summarized an important insight for founders. It echoes a model from Amar Bhide's "Origin and Evolution of New Business" that startups have to hunt for situations where the probability of high value cash flows is uncertain because the situations with low uncertainty will be dominated by existing firms who can make substantially larger investments of money and effort.