> > If I gamble on a sporting event, the outcome of the sporting event does not change. Someone wins. Someone loses. No value created. The outcome is societally zero sum in expectation.

If your net worth is less than 100M you have no business concerning yourself with societal value creation in the U.S.

The only reason to create a startup instead of betting on a sporting event is that in the startup although your odds are longer you get to learn a field that presumibly you like and forage in an environment of similarly thinking individuals

Nowadays where the startup world is all about networking and performance art and chasing the wave and all sorts of KPI BS, and sell out to VC firms...give me the sport bet every day of the week and twice on Sunday.

Either that or 100M and then I can start worrying about societal outcomes,

Also don't forget that one of the many ways in which for that sport bet windfall could be spent might be donating it to charity

The sport bet is the MVB (minimum viable bet) whereas the startup is this complicated megabet with hundreds moving parts in which you also have to act to either impress your boss or investors (or both)