3 ms·
The irony is that the maths stays the same for a more modest 1.2x if you can get 80% of your investments to pay off. ...but when you have an 80% loss rate, you
by shadowmint 9y ago
The irony is that the maths stays the same for a more modest 1.2x if you can get 80% of your investments to pay off.
...but when you have an 80% loss rate, you have to play the game more than a hundred times to reliably make your money back.
...but I doubt you're investing in hundreds of companies; which means, you're probably walking away with nothing.
Remeber, those numbers only work at scale; in small numbers 80% failure for 5x return = you get nothing. Just like the soundcloud investors will.