#business #business #knowledge # [[Epistemic status]] #shower-thought # Common knowledge in startups ![[Pasted image 20220812142330.png]] > Imagine if someone asked a random employee from your start-up the following questions: > - What is your organization trying to do? > - How are you trying to achieve those goals? > - What acceptable risks are you incurring to achieve those goals more quickly? > - When you have to trade off certain values, which ones take priority? > - What kind of behavior do you hire, promote, or fire for? > Would she be able to answer those questions? If you asked another employee, would he give the same answers? When organizations have strong cultures, their employees give consistent answers and act accordingly. > ~ [[Reid Hoffman - Reid Hoffman - Blitzscaling - The Lightning-Fast Path to Building Massively Valuable Companies - libgen.li|Reid Hoffman]] [[Common knowledge]] in startups is kind of decision making [[Heuristics|heuristic]] you print in the [[Mind|mind]] of every team members, so that when faced with a situation, everyone would react the same way. In ants society, [[Common knowledge]] is quite strong, it almost looks like they do telepathy, or have a [[Society of Minds|collective intelligence]]. In team games, there is no good or bad decision, what matters is how many team members follow the same decision, this is what leads to victory. Even the worst decisions, if followed by everyone, can achieve great things. ## Building [[Common knowledge]] You need to make everyone’s [[The Map is not the Territory|map of the territory]] synchronised, and understand other's point of view. ## External links https://www.lesswrong.com/posts/9QxnfMYccz9QRgZ5z/the-costly-coordination-mechanism-of-common-knowledge#Startups