Saved by Ajinkya Wadhwa
Black Swan Farming
Paul Graham: “Neither Bill Gates nor Mark Zuckerberg knew how big their companies would get”
“All they knew was that they were onto something… Maybe it’s a bad idea to have really big ambitions initially, because the bigger your ambitions, the longer they’re going to take to realize and the long you’re projecting into the future, the more likely y... See more
Whenever you shift from the substance of a business to the financial question of whether or not it fits into a diversified hedging strategy, venture investing starts to look a lot like buying lottery tickets. And once you think that you’re playing the lottery, you’ve already psychologically prepared yourself to lose.
Peter Thiel, Blake Masters • Zero to One
But life is not a portfolio: not for a startup founder, and not for any individual. An entrepreneur cannot “diversify” herself: you cannot run dozens of companies at the same time and then hope that one of them works out well. Less obvious but just as important, an individual cannot diversify his own life by keeping dozens of equally possible caree
... See morePeter Thiel, Blake Masters • Zero to One
I’m merely emphasizing that to find a rare startup idea that is exploitable in dollars, you will have to scan and keep scanning, not pursue the first “X is