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Maybe so but I thought the lottery wasn't getting into YC but working for a start up that becomes successful. In that sense it's very much like a lottery: you h
by rifung 12y ago
Maybe so but I thought the lottery wasn't getting into YC but working for a start up that becomes successful. In that sense it's very much like a lottery: you have a tiny probability of succeeding, but if you succeed you get an extremely large sum of money.
I'm not entirely sure it's like a lottery in terms of the expected value being negative though (if you consider the opportunity cost as a negative).
- chrischen 12y agoIts a lottery if you blind folded yourself and pointed at the startup you work at. You can always mitigate the risk by researching and making an educated decision about where you work. Different startups have different degrees of risk.
- rifung 12y agoIndeed, but the probabilities are still so low that it's like a lottery. Obviously it's not an actual lottery, just similar to one in the sense of low probability high reward.