2 ms·
Is there a tipping point at which capital is sufficiently concentrated that the capital advantage outweighs the leverage of a four-sigma founder (.99994)? I don
by dustingetz 6y ago
Is there a tipping point at which capital is sufficiently concentrated that the capital advantage outweighs the leverage of a four-sigma founder (.99994)? I don't know, maybe, but the capital can certainly make a two-sigma (.95) founder competitive, and a three-sigma (.997) founder without capital is probably f'ed. Or maybe a two-sigma founder with access to capital is the definition of a four-sigma founder, because how could you be recognized as that without having the capital.