new industries come from crazy people

see also: Latency Budget · Platform Risk

context shard

The essay argued that new industries are born from people willing to look unreasonable, because early belief is scarce (source). It treats innovation as a social and cultural process, not just technical progress.

signal stack

• Early-stage belief is a scarce resource.
• Social permission matters as much as funding.
• Narrative creates room for experimentation.
• The framing echoes Markets of Narrative.

take line

Conviction is part of the capital stack when facts are still thin.

link trail

This aligns with Markets of Narrative and Trust in Platforms and Energy Shock Cluster.

open loop

How do we distinguish productive conviction from ungrounded hype?