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Remember that this is written by Venture Capital investors, and they make high risk, high reward bets. I don't know the exact numbers, but I guess only maybe 5
by perlgeek 2y ago
Remember that this is written by Venture Capital investors, and they make high risk, high reward bets.
I don't know the exact numbers, but I guess only maybe 5% of all investments in a given batch make any impact on the total return.
So for a VC, if there's a 10% chance that this whole AI thing will be a financial success, it's chance of success is already twice as high as average, so a pretty good bet.
- xmprt 2y agoMy rule of thumb is that if someone was super bullish on crypto 3 years ago and is now super bullish on AI then their opinion is probably not worth that much. But if they've been consistently optimistic about AI progress over the last 5-10 years then they probably know what they're talking about.