this post was submitted on 27 Nov 2024
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It's risk assessment.
If you have a startup and someone offers you 9 figures so they're the CEO and you still run the day to day...
You'd be an idiot to risk it, because any number of billion dollar companies can fuck you over thru innumerable ways.
So every once and a while someone with shit tier risk assessment lucks out and suddenly becomes unimaginable rich. And those are the people making offers on the next generation of startups.
The system is set up so the worst people possible run shit. Because no sane person would keep "letting it ride" to the point they make billions, and a crazy person who does becomes too big to fail. And once they get to that point, they've convinced themselves no one else is smart enough to play Russian roulette 100 times in a row.
At that point they've conned themselves into really believing they're geniuses who know more than anyone.