Got it. FTX wasn’t Y-combinator incubated right? (A quick google doesn’t seem to suggest it was). Not that that nullifies your point—I’m just clarifying
That’s correct. YCombinator is a convenience sample for rapid-growth companies. I would find it helpful of people repeated this for other samples; the next one on my mind currently is Sequoia-backed companies.
It’s interesting to me, because many entrepreneurs like myself get into entrepreneurship with (we sincerely believe) a goal of making the world a better place. Some are seemingly frauds. It is good to read this, to gain perspective on what not to do.
I’m probably being daft.. but what does this have to do with effective altruism?
My thought was: base rates for FTX-style disasters?
Got it. FTX wasn’t Y-combinator incubated right? (A quick google doesn’t seem to suggest it was). Not that that nullifies your point—I’m just clarifying
That’s correct. YCombinator is a convenience sample for rapid-growth companies. I would find it helpful of people repeated this for other samples; the next one on my mind currently is Sequoia-backed companies.
It’s interesting to me, because many entrepreneurs like myself get into entrepreneurship with (we sincerely believe) a goal of making the world a better place. Some are seemingly frauds. It is good to read this, to gain perspective on what not to do.