What level do you consider an acceptance?

In economics, we love to build models. In fact, we build models out of everything. Supply, demand, pollution, businesses, stock prices, and many others.

Behind the models is the creator's assumption. Behind the assumptions, they carry our ideas, intelligence, experience, and, sometimes, our ego. 

When the model gets rejected, our ego gets rejected. When the models get accepted, our ego gets a little boost - and we love it. 

But at what level do you consider an acceptance?

WeWork is an "innovative workplace solution" company in Silicon Valley. The founder came up with a model, built a business, raised money, and went public with a $47 billion valuation. Unfortunately, the $47 billion valuation only lasts for a short period.

At first, the WeWork model was accepted by a small group of investors because it was an innovative solution. But once it went public, the market changed its mind, and WeWork got priced down to almost bankruptcy. 

The market is a smart maniac with no limits on happiness or cruelty.

There’s a hard truth for creators: if you want to know whether your models work or not, don't tell them to your peer; bring them to the market.