Beware The Lebron James Fallacy
I’m coining a new term today in response to what I keep seeing all over the place recently: The Lebron James Fallacy.
What is the Lebron James Fallacy?
It’s when a 16 year old kid tells you that he doesn’t need to study because he’s going to the NBA where he’ll make millions. It’s when a startup values itself at 10 million dollars because Google acquired the company next door for 100 million. It’s when the founder of Hotmail uses “ice cream glove math” (see about 3 minutes in) to overvalue his startup even before entering the market.

I just read another 