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(b) is true but no so much (a). If investors thought it would be winner take all and they thought ClosedAI would win they'd invest in ClosedAI only and starve c
by throwaway48476 1y ago
(b) is true but no so much (a). If investors thought it would be winner take all and they thought ClosedAI would win they'd invest in ClosedAI only and starve competitors of funding.
- sebastiennight 1y agoActually I'm thinking in a winner-takes-all universe, the right strategy would be to spread your bets on as many likely winners as possible. That's literally the premise of venture capital. This is a scenario where we're assuming ALL our bets will go to zero, except one which will be worth trillions. In that case you should bet on everything. It's only in the opposite scenario (where every bet pays off with varying ROI) that it makes sense to go all-in on whichever bet seems most promising.
- AbstractH24 1y agoY that sounds just like a certain startup incubator’s perspective on things.