I think this is caused by the fact that we lack tooling to adequately assess the amount of free-energy available in new markets sparked by new ideas. Currently it seems the only gauge we have is media attention and investment announcements.
Taking the time to assess an opportunity is operationally expensive and I think I’ve optimized to accept that there’s probably little opportunity given that everyone else is observing the same thing. However, I’m not sure that it makes sense to adjust my optimization without first increasing my efficiency in assessing opportunities.
I think this is caused by the fact that we lack tooling to adequately assess the amount of free-energy available in new markets sparked by new ideas. Currently it seems the only gauge we have is media attention and investment announcements.
Taking the time to assess an opportunity is operationally expensive and I think I’ve optimized to accept that there’s probably little opportunity given that everyone else is observing the same thing. However, I’m not sure that it makes sense to adjust my optimization without first increasing my efficiency in assessing opportunities.