Helping students come up with good startup ideas is like hooking them up to the deck catapult of an aircraft carrier. If you succeed, they're gone. What are they supposed to do, not work on the idea? And working on a startup is incompatible with being a student.

Unless you're a lawyer or a lexicographer, in a good faith conversation with someone smart, you rarely have to talk about the meanings of the words you're using. So if you have to, it's a sign that you're talking to someone stupid or intellectually dishonest.

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Figuring out what a startup should say to investors is strangely useful for figuring out what it should actually do. Most people treat these questions as separate, but ideally they converge. If you can cook up a plausible plan to become huge, you should go ahead and do it.

This is why so many of the best programmers are libertarians. In our world, you sink or swim, and there are no excuses. When those far removed from the creation of wealth — undergraduates, reporters, politicians — hear that the richest 5% of the people have half the total wealth, they tend to think injustice! An experienced programmer would be more likely to think is that all? The top 5% of programmers probably write 99% of the good software.

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For the foreseeable future, everything about starting a startup, both good and bad, will be accentuated. It will be even harder to figure out what to do, but the founders who get it right will be able to create amazing things even faster than they could before.