Startup investing seems counter-intuitive only from a traditional business point of view, it makes a lot more sense if you perceive it as the business firm equi

Startup investing seems counter-intuitive only from a traditional business point of view, it makes a lot more sense if you perceive it as the business firm equivalent of the mass-media model: a few 'hits' that make up for all the rest, rising exponentially then falling precipitously, producing a (very) few classics on the way, just like the pop charts gambles taken by record companies (where sometimes the seemingly silliest song lyrics might unexpectedly draw millions of listeners).