This fails to account for one very important psychological fact: the population of startup founders who get a company off the ground is very heavily biased toward people who strongly believe in their ability to succeed. So it’ll take quite a while for “it’ll be hard to make money” to flow through and slow down training. And, in the mean time, it’ll be acceleratory from pushing companies to stay ahead.
This fails to account for one very important psychological fact: the population of startup founders who get a company off the ground is very heavily biased toward people who strongly believe in their ability to succeed. So it’ll take quite a while for “it’ll be hard to make money” to flow through and slow down training. And, in the mean time, it’ll be acceleratory from pushing companies to stay ahead.