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but you'll never catch up to a guy who just walked away and sold his company for 10 mil Bad Stats. Small sample size. Along with the return, you need to look a
by steveplace 18y ago
but you'll never catch up to a guy who just walked away and sold his company for 10 mil
Bad Stats. Small sample size. Along with the return, you need to look at the probability of getting said return.
Look at your expected value. 10M with a 1:10,000 shot is different than 1M with a 1:100 shot.
So instead of comparing individual successes, you probably need to look at the EV of the group and then compare it like that.
And if you think you can get better odds than my completely made up ones, then let me know when you need a cofounder ;)