Entrepreneurship is like one of those carnival games where you throw darts or something.
Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on.
Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about "meritocracy" and the salutary effects of hard work.
Poor kids aren't visiting the carnival. They're the ones working it.
"Entrepreneurship is like one of those carnival games where you throw darts or something.
Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on.
Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about "meritocracy" and the salutary effects of hard work.
Poor kids aren't visiting the carnival. They're the ones working it."
This very website managed to summarize what's going on in reality back in 2017 and it remains completely true.
Because you simply go "oh they just keep trying" and I'm sitting here thinking, "well that's interesting, they're losing all this money and can just keep trying?"
>> "Entrepreneurship is like one of those carnival games where you throw darts or something."
>> "Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on."
>> "Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about "meritocracy" and the salutary effects of hard work."
>> "Poor kids aren't visiting the carnival. They're the ones working it."
> It's hard to call those choices "wrong" so much as selected based on the flavor profile of a younger, much more anxious me, whereas I am now considerably more willing to swing for the fences now that I've realized just how high the ceiling, and how low the bar, really are
As someone in a similar situation where it has become time to make bigger bets: Those earlier smaller, safer, bets enabled you to get here. If you made the big bets too soon, you'd run out of swings.
Kelly criterion talks about this in a mathy sense. This fantastic old HN comment talks about it in a more relatable way: Entrepreneurship is like a carnival game https://news.ycombinator.com/item?id=15659076
Entrepreneurship is like one of those carnival games where you throw darts or something.
Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on.
Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about "meritocracy" and the salutary effects of hard work.
Poor kids aren't visiting the carnival. They're the ones working it.