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I'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,
by IAmGraydon 2y ago
I'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).