4 ms·
if travel_cost < win_chance*100000 then go() end DVP has a mission statement in investing in Detroit companies, does this mean there is a bias towards locals?
by acgourley 16y ago
if travel_cost < win_chance*100000 then go() end
DVP has a mission statement in investing in Detroit companies, does this mean there is a bias towards locals?
EDIT: yes you're all correct - the formula is more complex than that, I should have said that for many people (including myself) the other factors are an order of magnitude less substantial.
- deleted 16y ago[deleted]
- jeffepp 16y agoWe are working on getting travel sponsors to subsidize these costs. The investors will choose the company they believe to be the best investment, regardless of location.
- deleted 16y ago[deleted]
- jtriest 16y agohey.. jonathon from Ludlow Ventures here. no local bias in the event. we're certainly excited to have the event in detroit, but the best company will win regardless of where they are from/located.
- Sam_Odio 16y agoYou forgot the risk premium, among other things. http://en.wikipedia.org/wiki/Risk_premium http://en.wikipedia.org/wiki/Risk_premium
- teaspoon 16y agoThat algorithm is really only rational if the $100k in question is strings-free cash, which this isn't.