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Yeah there's a few winners they are hoping for. So they pattern match, Jeff Bezos went to Princeton and worked at hedge funds, so lets fund everyone that looks
by codingwagie 2y ago
Yeah there's a few winners they are hoping for. So they pattern match, Jeff Bezos went to Princeton and worked at hedge funds, so lets fund everyone that looks like that.
Turns out a bunch of those people are actually lemons, so they run a bunch of unprofitable startups.
There's two things going on:
1. Long term risky bets that could pay off massive
2. Who is the person they choose to try and execute on the above