The definition of risk you're using is incorrect. Roughly, risk = probability x ... | Hacker News

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		paol on Jan 20, 2012 \| parent \| context \| favorite \| on: Joel Spolsky's Totally Fair Method to Divide Up Th... The definition of risk you're using is incorrect. Roughly, risk = probability x consequence. The probability of a startup failing is the same for the founders as for the employees. The consequence is not.

hythloday on Jan 20, 2012 [–]

Ah, I wasn't aware of that definition. Thanks, that's a nice mental model.

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