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The Black Swan and You
- pchristensen 18y ago"Paul Graham ... is making a large amount of very small investments each with an extremely risky yet potentially huge return." Based on the success rates so far, why do people still consider pg's bets to be risky? Do people still think he sends a shoebox full of $10K to kids in their dorms and then checks back in 3 months? Is it in YC's interest to make knowledge of it's success rate more well known or more private? Since pg has discussed it somewhat in the open, I'm assuming the former.
- pelle 18y agoYou missed the next sentence: "YCombinator as an organization is spent trying to push the success of the group as a whole." Like any other early stage equity investment each individual investment he does is extremely risky by definition, however the way he manages the risk is extremely smart.
- admoin 18y agoI'm not sure what the point of that blog post is, or if it even has any coherent thesis.
- pibefision 18y agoBuy and read that book, it's a great investment. Forget the post.
- kaos 18y agoInteresting, it reminds me "The Zurich Axioms"