Re:It’s a Disservice to Urge Young People to Become Entrepre...
by Jagat on Saturday November 16, 2019 @11:57PM
(#21556631)
Depends on whom it's good for.
For the 80%(?) of the young entrepreneurs who fail, not so much.
For the city/country that produces a massive company founded by young risk taking individuals - a lot. (Apple, Google, Microsoft, Facebook, Twitter, Airbnb etc)
Thinking of it as the explore-exploit method. Most of the explorers fail. Some of them turn in huge successes.
From a collectivist perspective, the net gain from these successes may dwarf whatever the over-exploitation that non-young non-risk taking individuals would generate.
For the 80%(?) of the young entrepreneurs who fail, not so much.
For the city/country that produces a massive company founded by young risk taking individuals - a lot. (Apple, Google, Microsoft, Facebook, Twitter, Airbnb etc)
Thinking of it as the explore-exploit method. Most of the explorers fail. Some of them turn in huge successes.
From a collectivist perspective, the net gain from these successes may dwarf whatever the over-exploitation that non-young non-risk taking individuals would generate.