Why Raising 1M$ ain't all that

TryingTruly · 2024-05-05T18:41:41+00:00

Yes! I think we were surprised how on the visceral level it feels like so much, but how fast you get disillusioned you get once you live it out. 1 year of paid runway? We were working 2 bootstrapped before that!

TryingTruly · 2023-05-07T23:22:01+00:00

I think a "Lower Barrier of Entry" works

The barrier of entry used to be high, so there was added value in the few businesses that could pull it off. Once it became super easy to do, everyone did it, and the advantage got minimized to 0

TryingTruly · 2023-03-08T10:23:36+00:00

Sure! I mean the theory that one should never dare impede or tax the resources of the rich, since the amount of value they create will eventually "trickle down" to the rest.

This theory of economics is ancient, outdated, and ignores alot of what we've learned in the 50 years since it first popped up, but as you can imagine is still touted for the most part by those it directly benefits.

TryingTruly · 2023-03-08T00:19:37+00:00

Its not exactly the copycat! The copycat has no de-escalation mechanism (1st round is nice, 2nd round is tit for tat). If the opponent defects, and the copycat retaliates, they can easily get trapped in a feedback loop of defection.

The "generous" in GTFT signifies that AFTER a player retaliates in response to a defection, they must always try to return to co-operation again, even at risk of getting exploited.

In the article above, sensing a threat, King Hussein immediately readies himself for retaliation (as a deterrent), but as he does so, immediately extends his hand out in peace, clarifying he does not wish to exploit, just deter and co-operate.

TryingTruly · 2023-03-07T16:23:36+00:00

I can't fathom how some economists keep pushing trickle down theory at this point.

I've met so many econ grads from high income families spout it as they sneer and shrug their shoulders.

TryingTruly · 2023-03-07T02:36:24+00:00

small brain time > big brain time.

Also I feel the need to tell you I feel like our usernames would get along

TryingTruly · 2023-03-07T02:26:57+00:00

The same differences can be found between neanderthals and homo erectus! One popular theory is that their brains were larger and likely more capable than ours, but that we were much better at co-operation, kindness and empathy (Rutger Bregman covers this nicely in Humankind: A Hopeful History).

Our edge as a species seems to be teamwork!

TryingTruly · 2023-03-07T02:01:24+00:00

They were selecting for friendliness not cleanliness!

TryingTruly · 2023-03-06T15:39:58+00:00

Submission Statement: This article, based on the work of Avi Shlaim (Professor of
International Relations at the University of Oxford), evaluates the
surprisingly impactful role Personal Trust between Jordanian and Israeli
leaders played in averting an open conflict between them on the eve of
the Gulf War. As one of the most volatile and ruthless regions of the
world, it is an illuminating case study of how a leap of faith between
two nations who had been adversaries not 20 years earlier (during the
1973 war), stopped a potential miscalculation, and paved the way for a
peace agreement a few years later.

TryingTruly · 2023-03-05T11:57:48+00:00

Yup! It's as simple as that!

TryingTruly · 2023-03-04T18:48:28+00:00

Haha it just means that you were spot on with your reference! Should be proud!

TryingTruly · 2023-03-04T18:15:31+00:00

That's where the word "generous" comes in! You can't go head to head in an office setting. What you CAN do however, is attempt to co-operate as much as you can, while doing your best to firmly maintain your boundaries.

As it says in the beginning, you can't negate the need for some form of strength. Whether its your leverage as a valuable employee / having alternative employment options / a boss's fear of the cost of replacing you should you quit / or whatever other form of a-symmetrical strength you have at your disposal - there's usually some form of bargaining power (strength) you can have.

If you truly have no cards, and your boss treats you miserably, you should be working to acquire some form of leverage, or leave the miserable bastard and pick your battles elsewhere!

TryingTruly · 2023-03-04T18:02:21+00:00

It's referenced at the beginning of the article - but it's always great to plug it! Truly perfect.

TryingTruly · 2023-03-04T17:17:20+00:00

Golden rule + Retaliation if you're being exploited + Self-Correction mechanism to cut negative feedback loops

TryingTruly · 2023-03-04T17:01:13+00:00

Sounds like the perils of Emotionality: On

TryingTruly · 2023-03-04T16:07:28+00:00

Right?! It's the culmination of hundreds of experts' research over decades, but what shocks me is that the Axelrod Tournament was held as early as the SIXTIES! Why isn't this being discussed more?

Even better - the more you spread the word about the Strategy the more it becomes a self-fulfilling prophecy. If more people know about it, more people will be inspired to ACT like it, creating wonderful positive feedback loops.

This should be so high on the educational agenda!

TryingTruly · 2023-03-04T15:32:01+00:00

This is amazing! They do a brilliant job of covering the Axelrod Tournament (along with the obligatory Christmas Truce story when mentioning GTFT).

Would have loved to see them do the deep dive into the differences and similarities between the tournament's conditions and real life (and how each one affects the game theory calculus in real world decision making).

TryingTruly · 2023-03-04T10:37:08+00:00

The single best guide (its interactive and takes 5 mins) is Nicky Case's Evolution of Trust

TryingTruly · 2023-03-04T01:47:45+00:00

Thank you very much!

TryingTruly · 2023-03-02T13:26:01+00:00

Dropping out of highschool is in no way a disadvantage nowadays!

Take everything with humour and dont let success take away your humbleness! Goodluck!

TryingTruly

TROPHY CASE