I think that a (presumably immortal) AI super-entrepreneur would play the ultimate long game. It would realize it cannot reliably manifest hit after hit in the short term. Instead, it would establish one cash machine after another in relatively low-risk domains and aggregate and compound. I don’t think the problem with AI will be IQ; I think it will be immortality.
Read MoreThis post reflects on the role of skill and luck in business. There are trainable components but also innate factors like IQ. Business is a series of strategic bets, with success influenced by both skill and chance. The best way to improve your odds is with a strategic, learning-oriented approach to enhance success odds. Experimentation and resilience play a crucial role in navigating the unpredictable landscape of entrepreneurship.
Read MoreMy goal is to make it easy to make small bets, in proportion to available capital, each with potentially extraordinary rewards. Life is full of random events. Luck, timing, and talent, in that order. But we can influence our odds of being lucky.
Read MoreLet’s start an imaginary venture capital fund and do some investing! To better understand what it takes to raise money from VCs, let’s imagine what it would be like to successfully deploy a venture fund.
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