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> the most likely explanation is that they know exactly how to play the vc game: place a number of wild bets and hope that one in a hundred pays off. But isn't
by michaelt 4y ago
> the most likely explanation is that they know exactly how to play the vc game: place a number of wild bets and hope that one in a hundred pays off.
But isn't a key point of this theory of investing that you invest in many companies that have a 1% chance of making a 100x return - rather than investing in companies with a 0% chance?
- arcturus17 4y agoPaid composting collection sounds like a ridiculous idea but if for example they manage to become a standard and get monopolistic contracts like waste management companies, on a national level… there’s your moonshot. Here, have a hundred mill.