Thank you for your answer! I’d want you to expand on all points, but will be more reasonable and prioritize my curiosity; re 2: does it creates more failures than successes because a) more people start a startup as a result, thinking it will be easier than it is, b) harder to get profit because competition is more fierce, or c) other reasons?
All of the above and some more. It has been doing more than just inspiring the youth to take risks and help solve problems, it is creating a sort of startup fetish. Some reasons that come to my mind immediately are:
Creates a false sense that start-up equals autonomy. No it isn’t. Not all ideas are going to do well, for most ideas do not allow for unforced optionality in implementation or otherwise. (Mainly financial autonomy. No)
Creates more charlatans and silicon valley Yodas who rise up the rank or create a basic startup, and do this full time without facing the downsides of failure faced by the entrepreneur. “No downside”/”Assymetry” is my biggest issue.
As you said, misestimation of effort, one’s own capabilities, feasibility, future of the company because of this hyper-motivation.
I am not remembering them all, actually I had written an essay on this exact same thing some years back with some more points, let me see if I can find it. But anyway you get the idea.
Thank you for your answer! I’d want you to expand on all points, but will be more reasonable and prioritize my curiosity; re 2: does it creates more failures than successes because a) more people start a startup as a result, thinking it will be easier than it is, b) harder to get profit because competition is more fierce, or c) other reasons?
All of the above and some more. It has been doing more than just inspiring the youth to take risks and help solve problems, it is creating a sort of startup fetish. Some reasons that come to my mind immediately are:
Creates a false sense that start-up equals autonomy. No it isn’t. Not all ideas are going to do well, for most ideas do not allow for unforced optionality in implementation or otherwise. (Mainly financial autonomy. No)
Creates more charlatans and silicon valley Yodas who rise up the rank or create a basic startup, and do this full time without facing the downsides of failure faced by the entrepreneur. “No downside”/”Assymetry” is my biggest issue.
As you said, misestimation of effort, one’s own capabilities, feasibility, future of the company because of this hyper-motivation.
I am not remembering them all, actually I had written an essay on this exact same thing some years back with some more points, let me see if I can find it. But anyway you get the idea.