My startup launched with significant hype. After a few months I could see clearly that we were not going to get any traction. I still went out and raised money to try to make it stick – some from naive investors. Turns out I was right, we folded.

Do you feel guilty?

You wasted resources of society as a whole as well as a portion of your own life. It is moral hazard like this that makes man untrustworthy, become weak, and then be dominated by other species.

Why did you not try to pivot?

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