Chapter
Understanding complex systems
2:12:02 - 2:17:10 (05:08)
Complex systems are systems that do not have a deterministic outcome, where the starting point plus inputs don't sum up to a predictable outcome. Brad Feld and Ian Hathaway's new book uses the notion of complexity as a core to understand how startup communities differ from entrepreneurial ecosystems and how the evolution of the former progresses over time.
Clips
Complicated systems can be broken down into a set of deterministic outcomes, while complex systems cannot be predicted or fully controlled due to the multiple inputs and outputs involved.
2:12:02 - 2:13:46 (01:44)
Summary
Complicated systems can be broken down into a set of deterministic outcomes, while complex systems cannot be predicted or fully controlled due to the multiple inputs and outputs involved. Examples of complex systems include raising a child, where a set of rules or steps cannot fully guarantee a specific outcome.
ChapterUnderstanding complex systems
Episode#448: Brad Feld — The Art of Unplugging, Carving Your Own Path, and Riding the Entrepreneurial Rollercoaster
PodcastThe Tim Ferriss Show
The concept of complex systems and emergent behavior has been a fascination for many people, but few truly understand their meaning.
2:13:47 - 2:15:35 (01:48)
Summary
The concept of complex systems and emergent behavior has been a fascination for many people, but few truly understand their meaning. This podcast explores how understanding these systems can help us to better comprehend how startup communities evolve and differentiate from entrepreneurial ecosystems over time.
ChapterUnderstanding complex systems
Episode#448: Brad Feld — The Art of Unplugging, Carving Your Own Path, and Riding the Entrepreneurial Rollercoaster
PodcastThe Tim Ferriss Show
This podcast discusses how the intersection of the Covid health crisis, economic crisis, mental health crisis, and racial equity crisis create a complex system with no deterministic outcome or set of actions that guarantee success.
2:15:36 - 2:17:10 (01:34)
Summary
This podcast discusses how the intersection of the Covid health crisis, economic crisis, mental health crisis, and racial equity crisis create a complex system with no deterministic outcome or set of actions that guarantee success.