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But YC just funded hundreds of AI companies. This would mean the world’s smartest investors are wrong. This is, frankly, impossible.
by monero-xmr 2y ago
But YC just funded hundreds of AI companies. This would mean the world’s smartest investors are wrong. This is, frankly, impossible.
- deleted 2y ago[deleted]
- deleted 2y ago[deleted]
- IAmGraydon 2y agoI'll have to assume you don't understand how tech investing works. Give a dollar to 100 companies and you've spent $100. 99% fail, but one ends up returning $1,000 and you've 10x'ed.
- candiddevmike 2y agoWhy would it be 10x in this example? Isn't it 1000x? Or 900x if you remove the initial investment? Do 1/100 companies really experience that kind of windfall?
- rexreed 2y agoIn this example, you invested $100 to get a $1,000 return. $99 of those investments failed, but the one that succeeded made up for the losses. You still have to factor in the losses, otherwise if you could have just picked the winner from the get-go, you would have done that and invested just $1, not $100.
- IAmGraydon 2y agoYou spent $100 and came out with $1,000. That’s 10x (you’ve returned 10 times the initial investment).
- draw_down 2y ago[dead]
- conductr 2y agoEven if these younger vintage batches fail completely, the existing portfolio will benefit from AI being hyped.
- jrflowers 2y agoWhat if they aren’t the world’s smartest investors
- myprotegeai 2y agoCase in point https://x.com/paulg/status/1845936708488970606 https://x.com/paulg/status/1845936708488970606
- red-iron-pine 2y agowhat if they're just rich guys who got lucky, and at the right time, and now have more money than they know what to do with?
- nitwit005 2y agoIf you asked, I'm sure they'd admit it is a gamble. The world's best gambler is still gambling.
- evilfred 2y agovery amused at this obvious sarcasm getting grey-texted
- red-iron-pine 2y agoyou're assuming people don't get that it's sarcasm, and are downvoting it because lazy sarcasm doesn't add anything to the discussion.