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646.

We Have Learned Nothing

colossus.com/article/we-have-learned-nothing-startup-pundits

But the pundits have little incentive to test their theories: They make money and gain influence by selling books. The startup accelerators profit by running large cohorts through a power-law funnel, collecting a few outlier successes

This science has only one axiom: If you do what everyone else does, you get what everyone else gets. The Red Queen hypothesis is the closest thing entrepreneurship has to a foundational law.