“Entrepreneurship is like one of those carnival games where you throw darts or something.” (comment)
recommended by 5 users | 2017 | notacoward on: Entrepreneurs Aren’t a Special Breed – They’re Mostly Rich… | founder life | original thread |
notacoward on Nov 9, 2017 | on: Entrepreneurs Aren’t a Special Breed – They’re Mostly Rich Kids | view on HN

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.

5 users recommended this comment. What they said:
gadders Dec 23, 2022 | on: I am done. I give up | context

I always like this comment: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."

XorNot Jun 20, 2023 | on: Are You a Late Bloomer in Work or Love? Maybe You’re Right… | context

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?"

[1] https://news.ycombinator.com/item?id=15659076

troupo Jul 24, 2023 | on: Twitter has officially changed its logo to ‘X’ | context

> he just got lucky > > Several times?

Yes. @notacoward had a perfect comment about this a few years back: https://news.ycombinator.com/item?id=15659076

Kye Jan 9, 2024 | on: You Don't Need More Resilience. You Need Friends. and Money | context

There's a good comment right here on HN that illustrates this: 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."

Swizec May 30, 2024 | on: How Running a Business Changes the Way You Think (2011) | context

> 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