by June, i'll communicate how optimism affects low and high bar, hence experiment choices; detail in lowhighbar.pdf.
${\lambda_1, \lambda_0}$
'Low Bar' ${1, \Lambda-1}$
'High Bar' ${\Lambda-1,1}$
Name
"Best Foot Forward"
"Raising the Bar"
Description
Easy to Pass
Hard to Pass
Bias
No false negatives
No false positives
Startup Formation Rate
$(\Lambda-1) \mu$
$\mu+(2-\Lambda)(1-\mu)$
Startup Failure Rate
$(2-\Lambda)(1-\mu)$
0
Example
Target Lead Users (Moore,$2014)$
Minimum Viable Product (Ries, 2011)
Low-Bar Experiments: Easy to pass but offer strong negative signals if they fail. These are preferred by optimistic entrepreneurs as they have a higher prior belief in the success of their venture.
High-Bar Experiments: Hard to pass but provide strong positive signals if they succeed. These are chosen when the entrepreneur has a higher need to prove the venture's viability convincingly.
PC Team: with suppliers with optimism in technical feasibility of PPL technology (product), i aim to conduct low-bar experiments of finding technology to implement desirability-validated features from BC team.
BE Team: with suppliers with optimism in desirability of Bayesian entrepreneurship (market), i aim to conduct low-bar experiments of finding market to implement feasbility-validated functions from PC team.
through #2 and #6, i chose evalutors below:
by June, i'll communicate how optimism affects low and high bar, hence experiment choices; detail in lowhighbar.pdf.
Low-Bar Experiments: Easy to pass but offer strong negative signals if they fail. These are preferred by optimistic entrepreneurs as they have a higher prior belief in the success of their venture.
High-Bar Experiments: Hard to pass but provide strong positive signals if they succeed. These are chosen when the entrepreneur has a higher need to prove the venture's viability convincingly.
PC Team: with suppliers with optimism in technical feasibility of PPL technology (product), i aim to conduct low-bar experiments of finding technology to implement desirability-validated features from BC team.
BE Team: with suppliers with optimism in desirability of Bayesian entrepreneurship (market), i aim to conduct low-bar experiments of finding market to implement feasbility-validated functions from PC team.