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← Entrepreneurship resembles gambling rather than chess, because the large payoffs cannot be identified in advance.

17 connected korrents · 16 moments on record from 22 Aug 2018 to 7 Sept 2026.

Everything filed under investing investing Everything filed under open source open source Everything filed under innovation innovation Everything filed under ambition ambition Everything filed under startups startups Everything filed under government government Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: Entrepreneurship resembles gambling rather than chess, because the large payoffs cannot be identified in advance. Entrepreneurship resembles gambling ratherthan chess, because the large payoffscannot be identified in advance. Last stated 9 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 mostchallenging pursuits, comparable toprofessional sports in how fewpeople actually succeed. Last stated yesterday 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 moralone, which is exactly what makescopying an arbitrage available tofounders with less ego invested. Last stated 3 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 settingambitious goals, even though mostpeople do not need grand ambitionsat all. Last stated 2 weeks ago 26 Aug 2026 DH David Heinemeier Hansson — holds since 2026-08-26 — 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'scurse: it does all the hardinnovation and is then one copy awayfrom being commoditised. Last stated 10 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 thevaluation if it buys all of thecontrol, because the right to bewrong in your own way is whatfounding was for. Last stated 3 months ago 2 Jun 2026 MP Mark Pincus — holds since 2026-06-02 — tap for who they are Same subject: Earning more is an outer game you do not control; wanting less is an inner game you do. — tap to centre the map on it Earning more is an outer game you donot control; wanting less is aninner game you do. Last stated 2 years ago 27 Sept 2024 DS Derek Sivers — holds since 2024-09-27 — tap for who they are Same subject: A founder who takes their bearings from what everyone around them is saying will end up nowhere; you have to build your own compass for what the future looks like. — tap to centre the map on it A founder who takes their bearingsfrom what everyone around them issaying will end up nowhere; you haveto build your own compass for whatthe future looks like. Last stated a month ago 29 Jul 2026 AW Alexandr Wang — holds since 2026-07-29 — tap for who they are Same subject: A board game conquers the world when chance and strategy are in balance in it. — tap to centre the map on it A board game conquers the world whenchance and strategy are in balancein it. Last stated 9 months ago 12 Dec 2025 IF Irving Finkel — holds since 2025-12-12 — tap for who they are Same subject: A company that grows enough eventually has no need for investors. — tap to centre the map on it A company that grows enougheventually has no need forinvestors. Last stated a week ago 1 Sept 2026 PG Paul Graham — holds since 2026-09-01 — 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 toocapital-intensive for venture money;they need government or sovereignfunds behind them. Last stated 3 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 whatyou want in any situation, and thatis exactly why investors want it: aformidable founder's interests andtheirs are the same. Last stated 5 days ago 3 Sept 2026 PG Paul Graham — holds since 2026-09-03 — 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 aself-fulfilling ('sunspot') debtcrisis simply by credibly committingto buy as many bonds as needed atthe 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 company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires. — tap to centre the map on it A company priced in the trillions isnot thereby overpriced; the test iswhat revenues and margins that priceactually requires. Last stated 9 months ago 3 Dec 2025 AD Aswath Damodaran — holds since 2025-12-03 — tap for who they are Same subject: A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at. — tap to centre the map on it A founder who does not know theirown goal dies by a thousandcompromises and ends up running acompany they do not want to work at. Last stated 3 months ago 2 Jun 2026 MP Mark Pincus — holds since 2026-06-02 — tap for who they are Same subject: A business making hundreds of millions from an open source project owes it money or contribution, and can be refused its trademarks if it gives neither. — tap to centre the map on it A business making hundreds ofmillions from an open source projectowes it money or contribution, andcan be refused its trademarks if itgives neither. Last stated 2 years ago 26 Sept 2024 MM Matt Mullenweg — holds since 2024-09-26 — tap for who they are Same subject: A company that will not accept a project’s terms is free to go and use a more permissive project instead. — tap to centre the map on it A company that will not accept aproject’s terms is free to go anduse a more permissive projectinstead. Last stated 2 years ago 26 Sept 2024 MM Matt Mullenweg — holds since 2024-09-26 — tap for who they are Same subject: A few hundred dollars a month is nothing to a company and transformative to a project, so engineers should be the ones asking their employers to pay it. — tap to centre the map on it A few hundred dollars a month isnothing to a company andtransformative to a project, soengineers should be the ones askingtheir employers to pay it. Last stated 8 years ago 22 Aug 2018 DD Drew DeVault — holds since 2018-08-22 — tap for who they are
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At the centre Entrepreneurship resembles gambling rather than chess, because the large payoffs cannot be identified in advance. Last stated 9 Dec 2025 · 9 months ago Holds Rory Sutherland Read this korrent →