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Subscriber Op-Ed

The Sunk Cost Fallacy and the Future of Silicon Valley

By Chamath Palihapitiya · Dec 14, 2016 6:38 AM PST · 9 comments

Last year, we released the inaugural Future List, a new way of thinking about the durability of the venture industry, along with an op-ed arguing that we need to change our behavioral biases to prioritize solving hard problems. Why? Because without solutions to hard problems, a growing disparity in economic and social opportunity will compound and eventually boil over. While we appreciate and ...