4 min read

The Steph Curry Fallacy

The Steph Curry Fallacy
Photo by Robert Noreiko / Unsplash
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Lithuania Tech Weekly #92

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  • Good older piece on tech ecosystems. Are we all hurting ourselves trying to replicate Silicon Valley? Did Steph Curry hurt basketball with 3-pointers?
Understand what I’m saying when I say this. He’s hurting the game. And what I mean by that is that I go into these high school gyms, I watch these kids, and the first thing they do is they run to the 3-point line. You are not Steph Curry. Work on the other aspects of the game

Indeed, while everyone has 0.00000001% to have the talent of Steph, the odds of ecosystem massively increases when the density of people working for ambitious goals grows exponentially. Estonia is a perfect example - you may not have another Apple, but end up with 10 unicorns locally!

The only way for a venture community to leverage the power of Metcalfe’s law and increase the density of people working to build startups is to increase the chances that startups in their region succeed. That is what happened in Silicon Valley, it is what happened in successful venture communities like Seattle, it is the blueprint. In building product, a good feedback loop is crucial in preventing churn. The same thing goes — on a more long term scale — when building a venture community.