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Posts

2020


Startups Are a Beauty Contest

·2 mins
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. Most VCs earn their living from fees, and they earn more in fees when valuations go up, followed by subsequent funding rounds, with larger amounts of capital invested. VCs don’t usually invest their own money, they typically invest other people’s money. Thus, they aren’t really incentivized to see their companies succeed, but rather they want to make their companies appear successful. That is to say, the perception of success matters more than actual success.

Being Honest With Yourself (when things aren't going well)

·3 mins
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.

Mass Hysteria

·3 mins
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. Some gems from the Wikipedia article listing mass hysteria events: The dancing plague of 1518 was a case of dancing mania that occurred in Strasbourg, Alsace (then part of the Holy Roman Empire) in July 1518. Numerous people took to dancing for days.

2019