Venture Capital seems to be quite successful at finding startups to fund where the founder of the company has a chance of success of less then 30% and the founder still puts in incredibly hard work.
Most people aren’t startup founders but there are many people who want to fund startups and are okay with success chances of less then 30%.
There are a lot of coordination problems whereby you need to get people to get people do to things that are not in their own interest that you could also call “the basic coordination problem of mankind”.
Is it true that they’re ‘quite successful’? My impression was “yes, people succeed at this problem, but it’s still a hard problem and the resolution isn’t really an exact science.
I’m not aware of it being a problem that a lot of startup founders quit there startup because they lack motivation half a year after they get funding or even two years after they get funding.
Venture Capital seems to be quite successful at finding startups to fund where the founder of the company has a chance of success of less then 30% and the founder still puts in incredibly hard work.
Most people aren’t startup founders but there are many people who want to fund startups and are okay with success chances of less then 30%.
There are a lot of coordination problems whereby you need to get people to get people do to things that are not in their own interest that you could also call “the basic coordination problem of mankind”.
Is it true that they’re ‘quite successful’? My impression was “yes, people succeed at this problem, but it’s still a hard problem and the resolution isn’t really an exact science.
I’m not aware of it being a problem that a lot of startup founders quit there startup because they lack motivation half a year after they get funding or even two years after they get funding.