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That's part of the "odds that it will be dropbox" calculation. It's also why we invest primarily in founders and not ideas.
by paul 15y ago
That's part of the "odds that it will be dropbox" calculation. It's also why we invest primarily in founders and not ideas.
- eldavido 15y agoInteresting point. I view YC's strategy as playing the central limit theorem -- taking a high-volatility random variable (startup returns) and increasing the sample size until the sample mean tends arbitrarily close to the population mean. Smart, guys.