Spineless Intelligents Will Work for Risk Taking Idiots

In a world full of so many opportunities, where a poor person has all the valuable information at their disposal to make their lives better, intelligent and hard-working people are abundant.

In the business world, there are basically two kinds of people except your average office-goer Joe with a job, enterpreneurs and investors.

Enterpreneurs do all sorts of unconventional things to get users and create hype for whatever they are doing. A significant number of them are scams, dillusional and are trying to do things in which they have no expertise, but they will claim to have expertise in them.

Investors are of two types, ex-enterpreneurs who made a lot of money and people from fancy colleges. An enterpreneur-turned-investor who created a company in a specific sub-industry is an expert in the product that they built and customers of their product. Their knowledge is very much in this very specific area and questionable in everything else. But because they became successful in that, they somehow start thinking that they know about other things too. Very few people try to show them the reality that they are not an expert in other things, because they are successful. They make mistakes of investing in companies and industries which they know very little about. They end up investing in companies that can put on a show.

A guy-from-fancy-college investor doesn’t care if his/her investment choices are good or not, because a) it is not his money and b) 6 years from now when returns of those investment would come he would be working at some other firm. He knows nothing about how that AI company can differentiate between human and cat and how that new cryptocurrency algorithm is even valid. He is interested in investing in companies that can create great buzz so that he can get a promotion or a better job. For him getting deals is more important than knowing if they are the right deals to make. They too invest in companies that can put on a show.

Everytime I go see what new opportunities are there in the market, I see shitty companies about which I can tell that their product is not going to move a needle. But I have to think about applying there, because they have got huge funding and pay great salaries.

Intelligent people who take calculated risks go a long way, mostly because there are so few.