Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I think it does belong; ultimately, knowing if one has the "right sort of hunches" is only possible in hindsight, there's as much luck as anything else involved in what PG/VCs/founders do, and they in-no-uncertain-terms admit this through their their entire model of investment; throwing money at 100 companies praying that one 1000x's.

Just as how its easy to criticize ideas because criticism is cheap, its also easy to pick out if a business will probably fail; but singling out success is near-impossible. If you asked me if playing video games all day was a good way to get the brain-surgeon-rocket-engineering job of your dreams, I'd say it probably isn't; but the right way is far more elusive.

In other words, its high level, not useful, and once you get into the specifics his message falls apart. I also think: VCs are generally quick to trivialize the impact the rising economic tide of the '10s had on all investments, not the least of all in the novelty of software-related venture investments, and many people will be found without pants over the next decade. Which I only say to add that this is a common theme with insight porn; trivializing luck & privilege.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: