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What I don't understand with this article is why it should be beneficial for YC to make you dig deep rather than everywhere. The digging analogy basically says
by posix86 3y ago
What I don't understand with this article is why it should be beneficial for YC to make you dig deep rather than everywhere. The digging analogy basically says that you can push founders in a way that the probability of ANY success decreases, but the overall average return increases. What push mechanism is that supposed to be? Fixation on an idea? And how will it increase return?
- langsoul-com 3y agoDig deep because that's the highest chance of a single or few people hitting gold. There's not enough time for a single person to dig everywhere and it'd likely be a low payout if they did. The push is that YC won't find the exact same idea and none others. It's a spread to maximise the tiles of people digging.
- esafak 3y agoIt is due to heavy-tailed returns; the winner who goes deep strikes big and compensates for the rest.