William Hsu compares entrepreneurship to baseball and evolution, arguing that success comes from taking as many shots as possible. The more at-bats you get, the better your odds of hitting something that works.
I like to think that the ultimate outcome, and this is perhaps a little bit of a controversial statement, is that entrepreneurship has become math. Right? And I don't mean that it's completely certain. I mean that it's a series of stochastic independent mathematical events. From the VC perspective or the macro perspective, entrepreneurship or new venture is almost like evolution or Darwinism. That is the way to find success is to have multiple mutations. And the more mutations you have, the higher potential for success. So the mutation in and of itself isn't a thought process or design to be better or worse is simply because you have multiple mutations that success appears. So if you have 10 startups in a particular ecosystem, the chances of one of them becoming a Snapchat is going to be much lower than if you have 10,000 startups and one of them becoming a Snapchat. The reverse of that, which is actually more important for all you guys in this room, is that now you can view entrepreneurship like a baseball game. And I have Pete Rose up there, not because I condone cheating or gambling. I don't. Lots of you guys think of him as the lifetime leader in hits in professional baseball. The actually more impressive thing is he's the lifetime leader by almost 20% for at bats. And he doesn't have a. A significantly above average batting average. The reason that he's successful is he got a lot of bats. And that's what all of you guys have to really think about is guys like Zuckerberg and Bill Gates, Those guys will hit.400. They are natural. They're natural. They're just really good at hitting a baseball. How do you become successful when you're just an average dude who hits.260? Well, the way you'd be successful is you get a lot of at bats. From my VC perspective, I make a lot of investment these days and I work with entrepreneurs. I'd much rather bet on an entrepreneur that has 10 at bats with a low batting average than an entrepreneur with a high average and only a couple of bats. And the reason is because all we really care about is getting a single hit. I really don't care about how many times you try to be successful. I care about the eventually that you are. So the speed in which you get those bat is important. So if you have an idea about business, how do you iterate fast enough so that you can actually become successful? And the number of times that you can actually start new businesses matters as well.
O processo de reconhecer limites, mesmo quando a vida parece exigir sempre mais.
Depois de tantas histórias, aprendizados e pausas necessárias, o @interior_iza está de volta
