1,231 karma · joined October 29, 2013
Currently Managing Partner, BTC Frontier Fund.
Investing in outstanding startup teams building on Bitcoin. https://btcfrontier.fund
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If you want to know about the future, don’t ask the incumbents. They will only tell you about the status quo.
> Unfortunately, after a year of purposely trying, I was still not becoming Elon Musk nor any other “successful” person. Despite reading everyday, meditating, getting up early, taking cold showers, and many more things.
There’s a ridiculous amount of bro science in Silicon Valley tech. And this stuff doesn’t matter at all. All that matters is product-market fit.
2. This post is descriptive, but not explanatory (startup bro science)
3. Even taken at face value, it’s Confirmation Bias presenting outliers
The business's legal structure is being closed and shut down. OP only has claim over how the assets of that legal structure are distributed.
If his partner goes on to start a new business in the same niche to do the same thing, legally and ethically there's nothing he can do or claim.
The business's legal entity is being shut down and closed. The OP only has claim over assets of that business. If he agrees to certain assets being given to the other partners, he has no claim for the future use of those assets.
Just because your startup is worthless doesn’t mean you get a percentage of your cofounders next business. That’s ridiculous.
Source: I’m a foreigner living in China.
I'm sure this perspective is not correct.
You are pointing out something that exists, but your argument about why it exists is misguided.
Bezos can do this because he is a Founding CEO. I recommend reading Andreessen Horowitz's primary thesis on why they invest in Founding CEOs (https://a16z.com/2010/04/28/why-we-prefer-founding-ceos/).
Founding CEOs, as opposed to Professional CEOs, have two things working for them: 1) Moral Authority 2) An Ability to Recognize New Product Cycles.
1) Moral Authority: It's not that shareholders trust Bezos more than anyone else. It's that he has Moral Authority to take risks because he founded the company. Per Ben Horowitz:
"Often, true innovation requires throwing out many of the foundational assumptions of the company. If the company is significant, doing so may be extremely difficult for the professional CEO. The company’s core belief system is often entangled in those assumptions. Since the founding CEO made the assumptions in the first place, it is much easier for her. An excellent example of existing, invalid assumptions paralyzing a whole set of companies recently played out in the music industry."
2) Ability to Recognize New Product Cycles: This is a skill professional CEOs simply don't have. Again, per Ben Horowitz:
"Founding CEOs naturally take a long view of their companies. The company is their life’s work. Their emotional commitment exceeds their equity stake. Their goal from the start is to build something significant. They instinctively know that big product cycles come from investment and that even the biggest product cycles will eventually fade. Professional CEOs, on the other hand, tend to be driven by relatively shorter-term goals. They are paid in terms of stock options that vest over 4 years and cash bonuses for quarterly and yearly performance."
So in essence, what you are saying, that public companies have the ability to be like Bezos, is simply not true and never will be true. This is why something like the LTSE is a needed experiment.
Methodology and people are not mutually exclusive. And it’s a lot harder to swap in and out people (though it may be necessary).
1. Perhaps the goal of the simulation is to prove it’s a simulation, sort of like Neo meeting the Architect
2. If we do prove it’s a simulation, perhaps we can make a plea to the creator for the things we want and need
3. It could be a combination of the two. If it’s a simulation and we discover it, perhaps the genie will grant us three wishes
Though it is also possible the author is correct. In any case, I would rather know the truth than remain ignorant.
Nullified or reversed is different than debunked.
Flat-earth theory is debunked. This is not even close to that.