1/ Great story about survivorship bias that I just read: "During World War II, the statistician Abraham Wald took survivorship bias into his calculations when considering how to minimize bomber losses to enemy fire."
2/ "Researchers from the Center for Naval Analyses had conducted a study of the damage done to aircraft that had returned from missions, and had recommended that armor be added to the areas that showed the most damage."
3/ "Wald noted that the study only considered the aircraft that had survived their missions—the bombers that had been shot down were not present for the damage assessment. The holes in the returning aircraft represented areas where a bomber could take damage and still return."
4/ "Wald proposed that the Navy instead reinforce the areas where the returning aircraft were unscathed, since those were the areas that, if hit, would cause the plane to be lost."
5/ It made me think: what can we "patch & reinforce" amongst the reasons why founders are failing? @nolimits is doing great work with @ycombinator's startup school website which is a good place to start. Link: startupschool.org/?course=1
