4 ms·

So it follows: If you are betting on the outcome, then put your money on a smallish group, call it 10, of the ropeless competitors. If you are competing, make

So it follows: If you are betting on the outcome, then put your money on a smallish group, call it 10, of the ropeless competitors. If you are competing, make sure you have a rope, because coming 20th or 30th is a much better personal outcome than possibly dying.

jacquesm 11y ago
In a nutshell this is the conflict of interest between founders and investors, even though quite a few founders would rather have a 1:10 chance of a huge success than a 1:2 chance of a medium one.