Comment by baxtr
9 hours ago
The problem is time and resources.
Take building a viable company. You know that many people have solved this. But you also know that 9/10 fail.
So you need the time and the money to try enough times to make it work.
9 hours ago
The problem is time and resources.
Take building a viable company. You know that many people have solved this. But you also know that 9/10 fail.
So you need the time and the money to try enough times to make it work.
You're describing bruteforcing through repetition. The paper is essentially about increasing the chance of success by training model which learns on failure.
That may not apply to a building a viable company directly. It might suggest that new companies should avoid replicating elements of failed companies.
9/10 vc backed companies fail. Not "companies." Ignore the hype and you'll be more likely to succeed.
As far as I am aware it is 8/10 across the broader landscape. A little better, but not much.
Twice as likely to succeed is not insignificant. It's a lot better chance to succeed. You're being led to by folks who want to make you their slave.
https://clarifycapital.com/blog/what-percentage-of-businesse...
That 80% number is after 20 years. That's far longer than almost anyone stays at the same employer. Maybe if those failures are the owners retiring.
You're being lied to. The myths of silicon Valley are not there for the benefit of founders.