Comment by stonogo
7 hours ago
Working hard doesn't guarantee results. I feel like this is obvious. I would imagine that they never got the thing to work right, or at least not well enough. Even if they did, there's no guarantee it's profitable, much less cost-effective.
Correct. The problem is arrogance doesn't guarantee results either but it sure seems to over-promise to the point of fraud more often than not. Perhaps the Ivy business schools should make an effort to mint MBAs who have real world experience rather churn out Dunning-Kruger effect specimens who believe they have a special monopoly on "the answer".
> over-promise to the point of fraud more often than not.
Sounds strangely familiar...
I remember reading some VC or other came out and said that they picked founders that were over confident, because it was some advantage.
This is the AI result from Google
> Paul Graham and Y Combinator (YC) prioritize determination and ambition over intelligence in selecting founders, often finding success in founders who are overconfident and optimistic. This isn't a mistake; it's a calculated risk based on the belief that persistence and belief in their vision are crucial for overcoming the inevitable challenges of starting a business.
Although this piece https://paulgraham.com/founders.html only talks about the importance of determination
edit: I've just noticed at the bottom of Paul's piece a note about Sam Altman that I think is incredibly accurate - look for hackers (not crackers) - people that find ways to profit by looking at the system in a different way (but they emphasise not to be evil, just naughty)
> but they emphasise not to be evil, just naughty
Based on the trajectory many silicon valley companies seem to take, the slope from "naughty" to "evil" must be very slippery
It's a shame that companies don't seem to be able to be competitive if they behave morally
Kind of an awful society we're living in as a result
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