Startup Advice

Amazon memo: Here’s why we should acquire Ring October 10, 2017

Why Are We Surprised That

Startups Are So Freaking Hard?

We think they can be hacked, but the only enduring moat is effort

Projects rarely unfold in a linear fashion; they require frequent course correction. Most trainees should spend more time on a project’s decision tree than they currently do. Once you get into a project, you will have learned from your initial experiments, new papers will have been published, and technology will have advanced. As a result, at any... See more

the idea here is not to eliminate risk—risk-free projects tend to be incremental. Instead, the goal is to name, quantify, and work steadily to chip away at risk. As a corollary, when presenting an idea for a new project or startup company, be candid about risk—it has the paradoxical effect of making your case more convincing.