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Which is how the VC roulette works: bet on all numbers hoping at least one will pay many, many times more. No?
by bikamonki 11y ago
Which is how the VC roulette works: bet on all numbers hoping at least one will pay many, many times more. No?
- rdl 11y agoExcept what probably terrifies them: each VC firm probably only bets on, at most, 2/36. And the industry as a whole only really bets on 18/36.
- econner 11y agoWhy 36?
- rdl 11y agoJust using the roulette analogy from above. Roulette wheels have 36 numbers (well, they also have 0 and 00. Maybe that's recession and global thermonuclear war.) In reality it is worse because you don't actually know the number of companies, and you don't get presented with the same options as everyone else -- a good part of being a top investor is access to top dealflow.