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> How else can you scale an accelerator? I mean, you could delegate the scaling to the startups you're investing in. If I'm gambling at the horse races, shoul
by michaelt 2y ago
> How else can you scale an accelerator?
I mean, you could delegate the scaling to the startups you're investing in.
If I'm gambling at the horse races, should I bet $100 on every horse to make my gambling scalable and diversified, because I don't feel I can pick winners with any reliability?
- fragmede 2y agoThat is the game though. If I bet $100k on each of 10 contestants. That’s $1m total. With odds of 1000:1, a single win pays $100m enough to cover all bets and leave a huge profit.
- geysersam 2y agoIf the horse race has 10 contestants why would the odds be 1000:1?
- fragmede 2y agoBecause it's an imperfect metaphor for how VC investing works to further enrich the wealthy.
- naming_the_user 2y agoNot everyone is competing. In the economy as a whole how many people are even business owners? Most people go to work and price take at their job without negotiating, without even moving area, without even studying, etc. You also have multi-company-monopoly effects for lack of a better term, e.g. if there are 10 competitors that make semiconductors - _everyone_ needs semiconductors, then if you pick the appropriate balance and don't buy in at an overvalued time you can invest in all ten and still make money because there is a net flow of funds into the system from outside of it.
- sebastiennight 2y agoIs "oligopoly" the word you were looking for?
- brudgers 2y agoEven on their best day a punter is still a punter. The money in horse racing is in breeding.