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I completely agree with you, but I don't think it's ever ambiguous. I think it always means 2.17 times the expected amount. If a normal startup raises $100, t
by jrockway 4y ago
I completely agree with you, but I don't think it's ever ambiguous. I think it always means 2.17 times the expected amount. If a normal startup raises $100, then a highly differentiated startup will raise $217. That's because the article could have been "X raises 20% more", in which case they'd get $120 over the $100 baseline. Basically, I think "more" is the signifier that you don't multiply by 1.17. If that's missing, the number is meaningless.
- simonw 4y agoI know that, and you know that. But did the person who wrote the article also know that? How careful were they? Probably? But not definitely. Which is why I never use that term myself. Similar to the reason I never say "bi-monthly" - it could mean twice a month, it could mean once every two months. So I don't use the term.
- jrockway 4y agoYeah, sorry, I meant to say I totally agree with you. I mentally explain this to myself every time I see it; 1 hour to understand what the % means, 5 seconds to actually read the article. It's terrible.