Students* 

 Graduate students* 

 😒 with no experience* 

 Graduate students are not EXPERTS. 

 Crazy. “Experts” are usually the last ones to see the potential of something amazing. 

 hey man check my acc out.... I'm a writer tryna get it going... 
 

 Nobody knows anything when it comes to disruptive technology.

They can't see past a choice they don't understand.  

 somewhere in the world, that student is reading this post by HODL, and saying "fml" 

 A little early to the party that’s all 

 Academia does not live in the Real World. 

Nor do they understand real marketplaces. 

 Every early story about Amazon is insane like this, in hindsight of course. When Amazon was doing it there was no comparison it truly was almost impossible to see. 

What boggles my mind how everyone accepts Amazon’s success as a given now but they can’t see the same pattern playing out with bitcoin. 

Also, I wonder how many of the HBSers in that room ultimately wound up working for Jeff in the end… 

 I think the moral of the story is, as always, academia will never hit the mark and will always come up short, no matter what. 

 Any time someone prefaces something with ‘you seem like a really nice guy’ is your cue to get up and walk out 

 i'd say the moral is academia is theoretical and guys were disbelievers, but to truly assess their opinion we'd need to know how many jeffs actually failed with similar projects. survival bias alert 

 Experts agree.....with who pays them 

 Do you consider yourself an expert in anything? 

 Not really. 

 What I think is so fundamentally interesting about entrepreneurship is that there is no right/wrong playbook. Something is not working up until it actually is working and vice versa. And your job is to make sure you see what others don’t. So in a sense experts are never going to be right in the end as long as there is progress in some area. They are experts of what is currently working but not necessarily what is going to work in the future. 

 Those are students, not necessarily experts. "Students" aren't usually students nor experts. They're just starting out and they're incubating inside a thought bubble. And if you can stomach some harsh words, most "students" are willingly institutionalized and brainwashed by a university. They're trying to rub up to someone and in the process their minds aren't their own. Perhaps this is more apt with the kind of students mentioned. 🤔 

 the shame drove this student underground, he has never been heard from since