Fat Tails
Tails, You Win Jun 21, 2018 by Morgan Housel
The Value of Probabilistic Thinking: Spies, Crime, and Lightning Strikes by Farnam Street
Power laws
Power laws occur in nature, in critical systems, in biological systems ( see the book "Scale" by West), ... in Attention Economy, and in Venture Capital
Continuations by Albert Wenger World After Capital: Limits of Capitalism (Power Laws)
Power Laws in Venture
Reaction Wheel - Jerry Neumann's Blog
If the public financial markets are Extremistan, then venture capital is Absurdistan. The fat tails in the public markets lead to black swans, but they’re nowhere near as fat as the tails in venture capital.
I think that it is a good idea to have many PARALLEL activities of power-law (in VC sense), but perhaps, not just one of building a startup
do we live in the time of dramatic changes?
The Digital Revolution and its Impact on Industry, Consumers, and Government