3 ms·
By “not terrible” you mean “bad but not very bad” and not “good” right?
by conformist 7mo ago
By “not terrible” you mean “bad but not very bad” and not “good” right?
- kibwen 7mo ago"High variance, slightly-negative EV shots on a long time horizon" is a gambling addict's way of justifying the old adage, "sure, we're losing money on each sale, but we'll make up for it in volume!"
- hattmall 7mo agoDisagree, it's way more like overall our sales are losing money, but the long term plan is to get a buy out. A strategy that works for a non-trivial amount of startups. The idea is that if you play incorrectly long enough eventually a bigger better that's more wrong then you will come along.