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I saw a discussion on Reddit about entrepreneurship recently that got me thinking. What’s the point of being an entrepreneur when the odds of success are incredibly low? This is especially true if you’re low on resources or clout. Beyond the Silicon Valley Narrative # The dominant narrative about entrepreneurship has become increasingly narrow: raise venture capital, grow at all costs, aim for a massive exit, and hopefully become a billionaire. It’s the script that’s celebrated in tech publications, glorified by accelerators, and drilled into the minds of computer science graduates.

As a kid growing up, I studied music in school and played a few different instruments. One instrument I always wanted to learn was the guitar, which I never did because I could only play what the school had available for free, since my parents couldn’t afford to buy me my own.

I’ve always tried to be an optimist, but I think my natural state tends toward realism with a hint of pessimism. Sometimes, optimism is at odds with the current state of reality. Wall of Vets, from Reddit

One of the basic concepts of capitalism is the idea that competition is good for consumers. I think in most cases this is true. One famous example is the history of General Motors, a company that became so powerful and dominant that the US government considered breaking GM into separate companies.

One of the hard truths in startups, especially VC funded startups, is that perception matters more than reality. Many people are able to raise vast amounts of money at high valuations on little more than excitement about the prospect of a viable business some time in the future.

I really wanted to be a founder of a successful startup (where successful to me means the company can pay its own bills, and pay employees well). However the reality hasn’t matched my ambition and I’ve decided to find a job like a regular chump. I assumed that with work ethic, skills, persistence, and plenty of trial and error I could eventually find success. That hasn’t happened, and I’m nowhere close to making that happen. Being good at computers and working hard doesn’t cut it.

Over the past few weeks I’ve noticed an increase in commercial real estate vacancies around Manhattan, especially ground level retail. Tonight on my walk, I took some photos around Flatiron, NoMad, and Union Square. A few of these places were vacant before the pandemic began, such as the Belgian beer spot, but many are recent casualties.

We’re living in some interesting times, and I’ve been wondering how psychology plays into the current doomsday phenomenon. It’s fun to study history about previous events related to mass panic and hysteria. Understanding Mass Hysteria # Mass hysteria, also called collective obsessional behavior, occurs when large groups of people experience similar physical or psychological symptoms that spread rapidly through social suggestion. These events often emerge during times of social stress or uncertainty, which might explain why they’ve appeared throughout human history.

Doge loves snow. At Bethesda Fountain. Such a joy, the holidays. Long car rides, waiting around airports, packed flights, family squabbles. Cold, short, dark days with nothing to do. And yet, people still get excited about the holidays.

Starting any company is hard. Startups are even harder. If you want to start a company but don’t have a business idea, then the first step is figuring out what to build. Is this…a startup idea?