4 ms·
"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 sal
by kibwen 8mo 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 8mo 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.