Exponential growth feels like no growth at the outset
Summary
- Exponential growth, or compounding, looks very minimal in the early stages
Details
- Some examples are investments, learning. audience growth
References
Quotes
you do work that compounds, you'll get exponential growth. Most people who do this do it unconsciously, but it's worth stopping to think about. Learning, for example, is an instance of this phenomenon: the more you learn about something, the easier it is to learn more. Growing an audience is another: the more fans you have, the more new fans they'll bring you.
The trouble with exponential growth is that the curve feels flat in the beginning. It isn't; it's still a wonderful exponential curve. But we can't grasp that intuitively, so we underrate exponential growth in its early stages. ⤴️