News for hackers. Stuff that matters.

A comment on What Startups Are Really Like. Parent comment

Re:What Startups Are Really Like by tpyo on Sunday October 25, 2009 @07:00PM (#902298)
P(winning the lottery) * winnings - (cost to play) < 0

I think this is false with startups, but the chances of succeeding are still low.

[ Parent | on HN ]
Re:What Startups Are Really Like by JoeAltmaier on Monday October 26, 2009 @09:19AM (#903099)
Actually the lottery can do better than that. The expected value of a lottery ticket can exceed the cost to play ($1) when its in its third or fourth round without a winner.
[ Parent | on HN ]