3 ms·
one counterpoint is - probability of one startup sampled at random from an ensemble of achieving venture success is very low, but that’s because many of the sam
by dustingetz 2y ago
one counterpoint is - probability of one startup sampled at random from an ensemble of achieving venture success is very low, but that’s because many of the samples were doomed (P=0) and some of them were very high. So the P(success) for a specific individual (i.e., me) is a function of me and not a function of the ensemble. Some entrepreneurs have a 100% hit rate! I think the goal is to be one of those.