The San Francisco Fallacy
A tech entrepreneur has lost one time too many in San Francisco. Then he wrote a very honest book about it. The city is a giant fallacy, is its provocative message. We bring his 10 bits of anti-advice: what NOT to do.
The hype is huge. The odds are small. Many tech startups go bankrupt or dissolve after just three years. Only a fraction ever become worth tens of millions. To close or declare bankruptcy is the rule rather than the exception, but it's rarely mentioned. It's invisible in an unhealthy way. The statistical unlikelihood is obscured by the massive support the media gives the few unlikely success stories.