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Working hard doesn't guarantee results. I feel like this is obvious. I would imagine that they never got the thing to work right, or at least not well enough.

Working hard doesn't guarantee results. I feel like this is obvious. I would imagine that they never got the thing to work right, or at least not well enough. Even if they did, there's no guarantee it's profitable, much less cost-effective.

burnt-resistor 1y ago
Correct. The problem is arrogance doesn't guarantee results either but it sure seems to over-promise to the point of fraud more often than not. Perhaps the Ivy business schools should make an effort to mint MBAs who have real world experience rather churn out Dunning-Kruger effect specimens who believe they have a special monopoly on "the answer".
- awesome_dude 1y ago
  I remember reading some VC or other came out and said that they picked founders that were over confident, because it was some advantage. This is the AI result from Google > Paul Graham and Y Combinator (YC) prioritize determination and ambition over intelligence in selecting founders, often finding success in founders who are overconfident and optimistic. This isn't a mistake; it's a calculated risk based on the belief that persistence and belief in their vision are crucial for overcoming the inevitable challenges of starting a business. Although this piece https://paulgraham.com/founders.html https://paulgraham.com/founders.html only talks about the importance of determination edit: I've just noticed at the bottom of Paul's piece a note about Sam Altman that I think is incredibly accurate - look for hackers (not crackers) - people that find ways to profit by looking at the system in a different way (but they emphasise not to be evil, just naughty)
  - bluefirebrand 1y ago
    > but they emphasise not to be evil, just naughty Based on the trajectory many silicon valley companies seem to take, the slope from "naughty" to "evil" must be very slippery It's a shame that companies don't seem to be able to be competitive if they behave morally Kind of an awful society we're living in as a result
    - awesome_dude 1y ago
      I don't disagree with you, but I don't know how you'd ensure that some founder was only going to stay in the naughty, not evil, lane. Well, apart from the - already done evil things, like worked for Google... ;-)
      - burnt-resistor 1y ago
        I prefer people with a sense of humor and joie de vivre over people who treat others like objects, crush your hand with a handshake as a "joke", or walk out of the room mid-conversation. I think it's a mistake to seek cofounders to work with or founders to invest in only for the utilitarian advantage of a current project because there's nothing much holding them together otherwise, and that leads to venture fragility from the outset.
        awesome_dude 1y ago
        I think you can finance any founder you like with your theory of an ideal. There's little to no point arguing on here about someone else's opinion, not least because its not my opinion, and I haven't offered one on what's best nor what I think of Paul's
- VectorLock 1y ago
  > over-promise to the point of fraud more often than not. Sounds strangely familiar...

burnt-resistor 1y ago

Correct. The problem is arrogance doesn't guarantee results either but it sure seems to over-promise to the point of fraud more often than not. Perhaps the Ivy business schools should make an effort to mint MBAs who have real world experience rather churn out Dunning-Kruger effect specimens who believe they have a special monopoly on "the answer".

awesome_dude 1y ago
I remember reading some VC or other came out and said that they picked founders that were over confident, because it was some advantage. This is the AI result from Google > Paul Graham and Y Combinator (YC) prioritize determination and ambition over intelligence in selecting founders, often finding success in founders who are overconfident and optimistic. This isn't a mistake; it's a calculated risk based on the belief that persistence and belief in their vision are crucial for overcoming the inevitable challenges of starting a business. Although this piece https://paulgraham.com/founders.html https://paulgraham.com/founders.html only talks about the importance of determination edit: I've just noticed at the bottom of Paul's piece a note about Sam Altman that I think is incredibly accurate - look for hackers (not crackers) - people that find ways to profit by looking at the system in a different way (but they emphasise not to be evil, just naughty)
- bluefirebrand 1y ago
  > but they emphasise not to be evil, just naughty Based on the trajectory many silicon valley companies seem to take, the slope from "naughty" to "evil" must be very slippery It's a shame that companies don't seem to be able to be competitive if they behave morally Kind of an awful society we're living in as a result
  - awesome_dude 1y ago
    I don't disagree with you, but I don't know how you'd ensure that some founder was only going to stay in the naughty, not evil, lane. Well, apart from the - already done evil things, like worked for Google... ;-)
    - burnt-resistor 1y ago
      I prefer people with a sense of humor and joie de vivre over people who treat others like objects, crush your hand with a handshake as a "joke", or walk out of the room mid-conversation. I think it's a mistake to seek cofounders to work with or founders to invest in only for the utilitarian advantage of a current project because there's nothing much holding them together otherwise, and that leads to venture fragility from the outset.
      - awesome_dude 1y ago
        I think you can finance any founder you like with your theory of an ideal. There's little to no point arguing on here about someone else's opinion, not least because its not my opinion, and I haven't offered one on what's best nor what I think of Paul's
VectorLock 1y ago
> over-promise to the point of fraud more often than not. Sounds strangely familiar...