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Person A also took the most risk with their funds at that point in time. I'd like to see what people's views are on giving people close to strangers funds early
by neximo64 3y ago
Person A also took the most risk with their funds at that point in time. I'd like to see what people's views are on giving people close to strangers funds early on when the company has no chance of success.
That is the risk of losing the entire sum of what they put in.
Taking on that risk is where the disproportionate ROI comes from. Person C took way less risk.
In addition, I believe "Person A" in this case actually gave more help than just funds, ie legwork.
I believe there also lots of other versions of the same thing. For example if you bought lots of Bitcoin/Ethereum early on in its first year. It's just that its too risky for people to do that.
- Rury 3y agoIn any case, this is admitting that the system is more about circumstances, connections, and luck, not so much about abilities or merits of your work. But this is really why meritocracy doesn't exist - the measure of merit is ultimately subjective...
- deleted 3y ago[deleted]
- neximo64 3y agoNo, thats not what i'm saying. It is not about luck, since you have to commit something to get lucky. The assumption in the thread you are making is that the luck comes on its own - i.e without this $100k check Google would not have existed. I also did mention that there was work put in in addition to the check as far as im aware. To put it another way, even for the professor it wasn't really being in the right place at the right time - that was not enough.