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> If you never take big swings and big risks and are happy with small wins and stable growth you'll never win the big prize. If you do, you still won't win the
by brabel 2y ago
> If you never take big swings and big risks and are happy with small wins and stable growth you'll never win the big prize.
If you do, you still won't win the big prize. The people who do win the big prize are so few, even in the US, that it's an almost certainty you won't do it. Perhaps you're right that there must be thousands of losers for even a single winner to come up, but that seems so inefficient I doubt that's really true.
- redeux 2y agoI’m not going to look for stats but as someone who’s been in the startup scene for a long time, it’s true and the stats are probably even worse than that. It’s totally inefficient for the entrepreneur but very efficient for the VC. One of my other observations is that the ones who do make it often come from families that have already made it and are able to leverage those connections and experiences.
- technotony 2y agoThis has not been my experience at all. I moved to the bay area in 2012 and 5 people I met living there have built unicorns/have net worth now around > $1BN. None of them leveraged family connections. this might be true in Europe but the best folks figure out how to move to america.