Ben Gilbert: uncertainty

Transcript context

…It’s not a causal relationship here that having founder control will lead to the right decisions. This is my regular reminder that in studying these episodes with extreme survivorship bias, we are looking at the most extreme outliers who, in every dimension you can multiply by, they’re at the edge of the distribution. Mark is, I don’t know, six or seven standard deviations from the mean human across the important traits that mattered to making Facebook. Oh, and by the way, with the right timing and the right luck and the right circumstance and the right know-how, my biggest lesson from doing an Acquired is these things are unrecreatable. Agree. All right, what’s the next one?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.