3 ms·
I'm confused by the angry tone. I thought investors are paying entrepreneurs to give it their all and earnestly take big calculated risks. Both the founders a
by leelin 17y ago
I'm confused by the angry tone. I thought investors are paying entrepreneurs to give it their all and earnestly take big calculated risks. Both the founders and investors are buying an out-the-money call option on success, so maximizing volatility seems ideal?
Would investors rather have a 1% chance of Google or a 70% chance of steady single digit returns (and total loss otherwise)?
- ryanhuff 17y agoOne of the points is that you often need to adjust (sometimes significantly) before you've given the business a chance to succeed. Some fail fast practitioners may see market resistance as disproving the idea, instead of valuable feedback to incorporate into product adjustments.
- somebear 17y agoI don't understand it either. If I were an investor I would rather the startup found out after 3 months and 50,000 that the idea didn't work, than after 3 years and 500,000 (or more).