Predicting and Doing: Easy or Hard?
Your weekly newsletter from the mind of Miles Lasater
Happy Saturday! Here is your weekly dose of techno-optimism, startup thoughts and ways to improve the world.
Cost of Delay. Continuing our mini-series on Theory of Constraints, I wanted to turn to Cost of Delay. My Yale business school lecture provides an overview of other prioritization methodologies. Black Swan Farming does a great job of explaining Cost of Delay’s importance and how to use it. And if you want to dive into Cost of Delay Divided by Duration they have more. If you use it, please let me know.
Building is Easy. Building is Hard. Sander Daniels, cofounder of Thumbtack, was recently on the Startups for Good podcast. One of the things we discussed is his view that execution is more important than the correct business plan. Get started with your company! Don’t overthink it. He expanded on these thoughts in his newsletter. I enjoyed how he covers both sides: Building is Easy and Building is Hard. Another chance to embrace the opposite of my story.
Prediction Markets Redux. Prediction markets are a thing again and there are more uses for them than I thought. The Y Startup Index invested in Manifold Markets so I’ve looked into prediction markets again. The OG prediction market Iowa Electronic Market still exists. And so does another famous one: the Hollywood Stock Exchange. I’m pondering how a prediction market differs from a contest like Good Judgment Open? And why don’t we allow legal real money prediction markets?
Until next week,