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comment by lil
lil  ·  4191 days ago  ·  link  ·    ·  parent  ·  post: What a stupid idea

    But for some reason, my first reaction to their earliest attempts wasn't to give them the benefit of the doubt–it was to immediately find problems and then dismiss their ideas.

The author is clearly questioning his tendency to judge and reject rather than observe and question further. forwardslash adds

    I'm not sure if it's just part of the culture or something more innate to being human
I wonder too if the tendency to make negative predictions or assume negative outcomes - to judge/reject - might be

1. a consequence of the education of technologists and engineers. Note: my comment is just based on my own limited observations and is not intended to imply anything beyond that: I often find myself surrounded by graduates of MIT. They like to solve problems. They like also to predict problems. When it seems to me that more questions are needed to get a fuller picture, they are already engaged in imagining problems. Do you think that could be a cause? and

2. There is a tendency in our culture to assume negative outcomes over positive ones. Imagining positive outcomes requires cognitive complexity. By cognitive complexity, I mean the definition in the second paragraph here. Consider the statement: "The principal wants to see you in his office." -- If you are in high school and you hear that statement, who is going to think that the principal wants to see you to give you an award? Even the most praise-worthy, high-functioning, obedient student will shuffle to the principal's office grumbling, "What did I do? It's lies all lies. I didn't do anything wrong." In fact, the principal is congratulating you on an award. or

You are waiting in an airport departure gate. You hear your name called to come up to the desk. You immediately assume that you've been bumped, that they over-subscribed and you have to take the next flight, etc. etc. You can barely contain your frustration. You grumble something unkind to the attendant. She says, "Calm down. We've just upgraded you to first class."





JakobVirgil  ·  4191 days ago  ·  link  ·  

The funny part is that "this startup is going to fail" is actually a great heuristic for winning a whole lot of bets.

If one could figure out a way to place a bet against the success of each internet venture lots of money could be made.

Youarenotgoingtomakeit.com each new business puts down say 100 dollars saying they will be successful in 5 years (criteria must be met) after that time we cut them a check for $1000. Most fail we pocket the money $$$ heh anyone in?

thenewgreen  ·  4191 days ago  ·  link  ·  

Cut the 5 years down to 1 year, lets come up with some clearly defined metrics for success and I'm in.

JakobVirgil  ·  4191 days ago  ·  link  ·  

We need to get some real data on failure rate to make sure the house wins in aggregate.

success has to be based on turning a profit.

forwardslash  ·  4191 days ago  ·  link  ·  

Based merely on the business plan of YCombinator I'd say you're on the right track. Basically, Paul's idea is that if you fund 50 startups and only one of them succeeds, the money made off that one success far outweighs the loss from the 49 who failed.

JakobVirgil  ·  4191 days ago  ·  link  ·  

exactly but we would be evil YCombinator

forwardslash  ·  4191 days ago  ·  link  ·  

I like it.

thenewgreen  ·  4191 days ago  ·  link  ·  

Lets get lunch sometime soon.

JakobVirgil  ·  4191 days ago  ·  link  ·  

I am in Wilmington well in New Hanover county (what is with the german county names in NC) I just got over a horrible plague so anytime sounds good to me. you can meet Marshy and the Baby.

thenewgreen  ·  4191 days ago  ·  link  ·  

I'd like that. I may be up there the early part if next week. Ill be in touch.

JakobVirgil  ·  4191 days ago  ·  link  ·  

cool

thenewgreen  ·  4191 days ago  ·  link  ·  

We also need to ensure that it's not just the motivated and talented using the site no matter what the rate of success shows.

JakobVirgil  ·  4191 days ago  ·  link  ·  

yeah cuz fuck those guys.