Stuart butterfield started a company trying to create an on line, a multi player world building game. They had the backing of entris and horowits and a sel, so they had a lot of money. The problem was that in order to get those five thousand users a they needed to get, basically for every 95 to 99 people who came to the game, need only get one hard cor user. So what he realized was that this wasn't a venture scale business, so he shut it down. He also let his employees go because they were mostly working for equity, very little cash. And then two days later says you know, there's this internal communication tool that we
Annie Duke was a professional poker player before retiring in 2012. Now, she is a decision-making consultant for a venture capital firm and author of the upcoming book, “Quit: The Power of Knowing When to Walk Away.”
Morgan Housel interviewed Duke in front of a live audience about: - Key differences between patience and stubbornness - How a quitter created Slack - Avoiding the sunk cost fallacy - How pre-mortems can make you a better investor
Host: Morgan Housel Guest: Annie Duke Producer: Ricky Mulvey Engineer: Tim Sparks
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