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Should I flip or should I build?
- karzeem 19y agoNot a bad read, but his words aren't chosen terribly well--he comes off as suggesting that flipping comes before building. Even setting yourself up for an early acquisition takes a lot of work and a pretty good-sized chunk of time (e.g. reddit). The decision isn't so much about how much work to do as it is about how much risk you're willing to tolerate--a big chance at (relatively) small money vs. a small chance at big money. Sim gets into that, but I didn't expect it from the title.
- edw519 19y agoThe chart is interesting. What makes the "Hard Work" in Phase II different from the hard work in Phase I?
- amalcon 19y agoSummary: - Value is an exponential on total time (with a base >1) - Odds of success are an exponential on total time (with a base <1) - Making the growth and success happen both take a lot of work Therefore, if it's worth it to you to put in that work, and can tolerate the risk, build. If not, try to trick someone into buying you when your value is mostly hype. Good advice, if a little obvious.