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They could be awful at recognizing them and only invest when founders show up with a box pooping out bars of gold already, and not at any point before then, sin
by logicallee 9y ago
They could be awful at recognizing them and only invest when founders show up with a box pooping out bars of gold already, and not at any point before then, since they're so awful at recognizing them.
so you can have a 100% success rate (investing only in founders that show up with a box already pooping bars of gold) while having a 0% ability to identify successful founders.
a high hit rate does not mean you can evaluate founders correctly.
- SeoxyS 9y agoIf they keep growing into bigger boxes pooping gold, then you've done a pretty good job as an investor. It's all about IRR; if you invest and your investment grows, it doesn't matter what stage you invest at. Keep in mind that for every Series C company that's pooping gold bars still 90% will fail, and a lot of investors are gonna lose money investing at that stage.
- logicallee 9y agoof course, I said "100% success rate", under the scenario I sketched they're great investors. I just showed that this doesn't mean they can recognize the cadre of people who have what it takes. They could be 100% successful while having 0% ability to recognize anyone whose boxes aren't pooping gold yet.
- Brooklyn34 9y agoI get paid over $95 per hour working from home with 2 kids at home. I never thought I'd be able to do it but my best friend earns over 10k a month doing this and she convinced me to try. The potential with this is endless. Heres what I've been doing, ====http://ow.ly/P0wk30aVXfN http://ow.ly/P0wk30aVXfN
- tripzilch 9y ago> investing only in founders that show up with a box already pooping bars of gold will get you a 100% success rate at getting conned, btw.