“Silicon Valley selects for highly (over)confident founders – people who are willing to gamble big on contrarian ideas that have a low intrinsic probability of success.” That may be good for innovation – and for venture capitalists, when a bet they’ve made pays off. But it might not always be good for the rest of us. “[SBF’s] luck was almost inevitably going to run out at some point,” he concludes. “But we all got lucky that it ran out as soon as it did.”
https://apple.news/AHRuWZvcwR667hpe-6b7NxQ
halalmoney /
npub1vd…97rjz
2024-09-21 15:33:52
Author Public Key
npub1vdaz78d96t7pjakpfmqqlr4wgq26l6vmkf25782n05qgdgtfmk8s297rjzPublished at
2024-09-21 15:33:52Event JSON
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"content": "“Silicon Valley selects for highly (over)confident founders – people who are willing to gamble big on contrarian ideas that have a low intrinsic probability of success.” That may be good for innovation – and for venture capitalists, when a bet they’ve made pays off. But it might not always be good for the rest of us. “[SBF’s] luck was almost inevitably going to run out at some point,” he concludes. “But we all got lucky that it ran out as soon as it did.”\n\nhttps://apple.news/AHRuWZvcwR667hpe-6b7NxQ",
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}