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It is also confounded by the element of ruin, the ability of a gambler to stay in the game based on their stake. It's reasonable to suppose that some of the lag
by vannevar 7y ago
It is also confounded by the element of ruin, the ability of a gambler to stay in the game based on their stake. It's reasonable to suppose that some of the lag in re-try times (particularly with regard to startups) is attributable to raising money, which will be much easier for someone who starts out wealthy to begin with, even if they're not directly investing their own funds.