the.com/ground floor

The mythical moment before an opportunity needed stairs or a parachute.

means The earliest, entry-level stage of a venture or organization — before growth adds the layers (and risk) that come later.

from Literal in origin: the storey of a building level with the street, as opposed to upper floors reached by stairs. The figurative use — 'get in on the ground floor' of an investment or company — emerged from 19th-century American business slang, likening a new venture to a building you join before it's built upward; the lower the floor, the earlier and cheaper the entry, with everything above representing growth (and everyone arriving later paying more, climbing further, and standing on shakier ground).

real estate term
literally the level at street entrance
startup usage
means get in before valuation makes sense
survivorship bias
everyone remembers the ones that worked
statistical truth
most ground floors lead to basements
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