3 ms·
Some people want to make small investments in new startups for the same reason people play the lottery: there's a very small but real chance of winning somethin
by dictum 14y ago
Some people want to make small investments in new startups for the same reason people play the lottery: there's a very small but real chance of winning something.
It's not a margins game like buying stocks of big corporations in the stock market in which you buy and hope it appreciates 20%, then sell it. It's buying stocks with a 99,95% chance the business will tank in 2 years and you'll only recover 5% of what you invested, but with 0,05% chance you'll get a 2000% return on your investment.
Particularly, if I had money I wouldn't want to invest in a startup without actually meeting the founders and seeing the company for a while, but if people have the money and want to play with chances, more power to them.