Taleb writes the following for a hypothetical National Entrepreneur Day: ”Most of you will fail, disrespected, impoverished, but we are grateful for the risks you are taking and the sacrifices you are making for the sake of the economic growth of the planet and pulling others out of poverty. You are at the source of our antifragility. Our nation thanks you.”
Rewarding innovators with non-economic goods just for trying.
I think there’s a strong case that people exploring innovation in a startup way, including those who fail, should be driven in a semi-irrational way like war heroes or martyrs. Dedication is good for success, especially if the people in question are not dependent on zero-sum resources and society as a whole can afford to have multiple competing crazily driven people.
Yes, there are benefits to trying new hard things that are not captured by the entrepreneur, so we should want them to try even when the cost/benefit to them is marginal or even somewhat under water.
Taleb writes the following for a hypothetical National Entrepreneur Day:
”Most of you will fail, disrespected, impoverished, but we are grateful for the risks you are taking and the sacrifices you are making for the sake of the economic growth of the planet and pulling others out of poverty. You are at the source of our antifragility. Our nation thanks you.”
Rewarding innovators with non-economic goods just for trying.
I think there’s a strong case that people exploring innovation in a startup way, including those who fail, should be driven in a semi-irrational way like war heroes or martyrs. Dedication is good for success, especially if the people in question are not dependent on zero-sum resources and society as a whole can afford to have multiple competing crazily driven people.
Yes, there are benefits to trying new hard things that are not captured by the entrepreneur, so we should want them to try even when the cost/benefit to them is marginal or even somewhat under water.