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It's a problem but it's also an opportunity. Maybe I should only look at pitches from founders under 6ft, since I'll get a bargain playing off of people's dumb
by djohnston 7y ago
It's a problem but it's also an opportunity. Maybe I should only look at pitches from founders under 6ft, since I'll get a bargain playing off of people's dumb instincts.
- wrnr 7y agoThat called being a contrarian investor, a successful strategy at times, but investing is "Keynesian beauty competition". To win such a game, one must bet on the contestant that one thinks is considerate most fair by all, not one's personal preference.
- vhvjkyhkogvv 7y agoThere are key differences between startup investing and that model. You just have to get sufficient amount of investors to recognize the diamond in the rough. Not a majority or anything near that. With enough money you don't have to convince anyone else.