@paulg: I spend a lot of time encouraging founders. Startup founders have a reputation for overconfidence, but this is just sam…

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Summary

Paul Graham discusses the overconfidence of startup founders, attributing it to sample bias, and emphasizes the importance of encouraging founders as many underrate themselves.

I spend a lot of time encouraging founders. Startup founders have a reputation for overconfidence, but this is just sample bias; the arrogant ones are also the loudest. Even now most good startups underrate themselves, so it really helps to encourage them.
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