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The expected monetary return on a startup is positive, because the giant win at the end of the tail more than pays for the losses. However, the expected happin
by johnrob 13y ago
The expected monetary return on a startup is positive, because the giant win at the end of the tail more than pays for the losses.
However, the expected happiness is probably negative (unless people like failing). The guy at the end of the tail is not 10,000X happier than the average person.
- frandroid 13y agoPeople do more than win and fail at startups. They mostly spend their time trying, and there are great personal rewards for that. For entrepreneurs, failing is just another step towards success.