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Nice, pg. Have you ever given a similar vote of confidence to founders who didn't live up to your expectations?
by edw519 16y ago
Nice, pg.
Have you ever given a similar vote of confidence to founders who didn't live up to your expectations?
- ecuzzillo 16y agoThe idea with this kind of thing, as far as I can tell, is to be as nuts (i.e. risk-friendly) as you can possibly get away with. If you're never wrong, that's probably an indicator that you could get away with being a lot more nuts. Moreover, if you do pump a startup and you are wrong, then to explain the situation is often to piss all over the work of said startup.
- pg 16y agoMaybe not quite that persistent, but I've definitely tried to sell investors on startups that didn't end up doing very well. Even by the end of the 3 months we are far from perfect at predicting who the big winners will be.