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Sounds more like a cattle auction than a place where partnerships are formed to deliver meaningful value to consumers.
by chickenzzzzu 1y ago
Sounds more like a cattle auction than a place where partnerships are formed to deliver meaningful value to consumers.
- echelon 1y agoThis is market efficiency. That's the very definition of delivering meaningful value. The more efficient the capital allocation is, the greater the benefit to the whole market. The only weirdness is that these are companies led by founders with "personalities". That's a weird variable to correct for.
- chickenzzzzu 1y agoHow much more efficient is it to allocate capital to a group individuals who have been educated at institutions that produce an increasingly rigid type of thinker, who are all making the same hype driven products?
- echelon 1y agoThat's one type of signal and gradient. There are lots of others. One of the best is traction with paying customers. The great thing is that investment capital can try many strategies at once. As can innovation capital and labor. Collectively we are water, filling all the cracks. Marbles, exploring all the slopes and curves. The fitness gradients of the universe are all in front of us. Follow the ones that make sense and that pull at you. We're all programmed differently enough that the whole space is being sampled, even in the weird places, the well-worn yet unweildy paths, and the completely non obvious domains. The algorithm focuses energy when certainty crystalizes.
- chickenzzzzu 1y agoEverything you've said about humanity filling cracks and diving deeper into worthwhile problems is correct. I do have one question though-- how many YC25 companies have more than $1 million in revenue?
- orsorna 1y agoIf you aren't already connected beforehand these rituals are a waste of time.
- chickenzzzzu 1y agoPainfully true!