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← Entrepreneurship resembles gambling rather than chess, because the large payoffs cannot be identified in advance.
17 connected korrents · 16 moments from 1 Jun 2022 to 7 Sept 2026.
Everything filed under startups
startups
Everything filed under investing
investing
Everything filed under venture capital
venture capital
Everything filed under product management
product management
Everything filed under ambition
ambition
Everything filed under behavioural science
behavioural science
Everything filed under innovation
innovation Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Entrepreneurship resembles gambling rather than chess, because the large payoffs cannot be identified in advance. Entrepreneurship resembles gambling rather than chess, because the large payoffs cannot be identified in advance. Last stated 10 months ago
9 Dec 2025
RS
Rory Sutherland — holds since 2025-12-09 — tap for who they are
Same subject: Entrepreneurship is one of the most challenging pursuits, comparable to professional sports in how few people actually succeed. — tap to centre the map on it Entrepreneurship is one of the most challenging pursuits, comparable to professional sports in how few people actually succeed. Last stated 2 months ago
7 Sept 2026
PL
Pieter Levels — holds since 2026-09-07 — tap for who they are
Same subject: The taboo against copying is a moral one, which is exactly what makes copying an arbitrage available to founders with less ego invested. — tap to centre the map on it The taboo against copying is a moral one, which is exactly what makes copying an arbitrage available to founders with less ego invested. Last stated 4 months ago
14 Jun 2026
MP
Mark Pincus — holds since 2026-06-14 — tap for who they are
Same subject: Entrepreneurs benefit from setting ambitious goals, even though most people do not need grand ambitions at all. — tap to centre the map on it Entrepreneurs benefit from setting ambitious goals, even though most people do not need grand ambitions at all. Last stated 2 months ago
26 Aug 2026
DH
David Heinemeier Hansson — holds since 2026-08-26 — tap for who they are
Same subject: An investor with a 20-, 30- or 50-year game should not take cues from people playing a different game, such as trading for the next quarter, and that is where much of investing's danger comes from. — tap to centre the map on it An investor with a 20-, 30- or 50-year game should not take cues from people playing a different game, such as trading for the next quarter, and that is where much of investing's danger comes from. Last stated 2 years ago
28 May 2024
MH
Morgan Housel — holds since 2024-05-28 — tap for who they are
Same subject: Bold risk-taking and conservative paranoia can work together, as when Gates pursued an audacious vision while wanting a year of payroll in cash, combining getting rich with staying rich. — tap to centre the map on it Bold risk-taking and conservative paranoia can work together, as when Gates pursued an audacious vision while wanting a year of payroll in cash, combining getting rich with staying rich. Last stated 2 years ago
28 May 2024
MH
Morgan Housel — holds since 2024-05-28 — tap for who they are
Same subject: Shortened versions of hard hobbies profit mainly from casual participants riding a legacy sport's superstar mythology, not from elite-level players. — tap to centre the map on it Shortened versions of hard hobbies profit mainly from casual participants riding a legacy sport's superstar mythology, not from elite-level players. Last stated 8 months ago
16 Feb 2026
SW
swyx — holds since 2026-02-16 — tap for who they are
Same subject: A model company may face a winner's curse: it does all the hard innovation and is then one copy away from being commoditised. — tap to centre the map on it A model company may face a winner's curse: it does all the hard innovation and is then one copy away from being commoditised. Last stated 11 months ago
12 Nov 2025
SN
Satya Nadella — holds since 2025-11-12 — tap for who they are
Same subject: A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. — tap to centre the map on it A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. Last stated 5 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them. — tap to centre the map on it AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them. Last stated 4 months ago
18 Jun 2026
LT
Lip-Bu Tan — holds since 2026-06-18 — tap for who they are
Same subject: Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same. — tap to centre the map on it Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same. Last stated 2 months ago
3 Sept 2026
PG
Paul Graham — holds since 2026-09-03 — tap for who they are
Same subject: Burn rate is a measure of risk, and preemptive rounds push successful companies to raise it whether or not they need to. — tap to centre the map on it Burn rate is a measure of risk, and preemptive rounds push successful companies to raise it whether or not they need to. Last stated 5 months ago
9 Jun 2026
BG
Bill Gurley — holds since 2026-06-09 — tap for who they are
Same subject: "Simplify onboarding" is an action, not a problem, and a roadmap line written that way will not work. — tap to centre the map on it "Simplify onboarding" is an action, not a problem, and a roadmap line written that way will not work. Last stated 2 years ago
19 Jan 2025
EV
Elena Verna — holds since 2025-01-19 — tap for who they are
Same subject: A company captured by ideology will produce useless products — tap to centre the map on it A company captured by ideology will produce useless products Last stated 3 years ago
8 Mar 2024
DH
David Heinemeier Hansson — holds since 2024-03-08 — tap for who they are
Same subject: A company needs someone with a product vision to recover — tap to centre the map on it A company needs someone with a product vision to recover Last stated 4 years ago
5 Nov 2022
DH
David Heinemeier Hansson — holds since 2022-11-05 — tap for who they are
Same subject: A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. — tap to centre the map on it A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. Last stated 10 months ago
9 Dec 2025
HM
Howard Marks — holds since 2025-12-09 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
At the centre
Entrepreneurship resembles gambling rather than chess, because the large payoffs cannot be identified in advance.
Holds Read this korrent →
Entrepreneurship is one of the most challenging pursuits, comparable to professional sports in how few people actually succeed.
Holds
The taboo against copying is a moral one, which is exactly what makes copying an arbitrage available to founders with less ego invested.
Holds
Entrepreneurs benefit from setting ambitious goals, even though most people do not need grand ambitions at all.
Holds
An investor with a 20-, 30- or 50-year game should not take cues from people playing a different game, such as trading for the next quarter, and that is where much of investing's danger comes from.
Holds
Bold risk-taking and conservative paranoia can work together, as when Gates pursued an audacious vision while wanting a year of payroll in cash, combining getting rich with staying rich.
Holds
Shortened versions of hard hobbies profit mainly from casual participants riding a legacy sport's superstar mythology, not from elite-level players.
Holds
A model company may face a winner's curse: it does all the hard innovation and is then one copy away from being commoditised.
Holds
A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for.
Holds
AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them.
Holds
Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same.
Holds
Burn rate is a measure of risk, and preemptive rounds push successful companies to raise it whether or not they need to.
Holds
"Simplify onboarding" is an action, not a problem, and a roadmap line written that way will not work.
Holds
A company captured by ideology will produce useless products
Holds
A company needs someone with a product vision to recover
Holds
A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Holds