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It may also be related to the fact that the get-big-quick scheme is inherently risky in order to return the necessary rewards. If you're raising a ton of money
by rqebmm 12y ago
It may also be related to the fact that the get-big-quick scheme is inherently risky in order to return the necessary rewards. If you're raising a ton of money you have to be a home run, and that means you may pass on moderately profitable opportunities in order to keep looking for insanely profitable ones.
- webwright 12y agoIf you're raising ANY institutional money, the expectation is trying for a home run (though most expect the process to take 7+ years).
- rqebmm 12y agosure, but if you haven't taken a ton of money, you have the opportunity at some point to take a strategy that turns a small, steady profit now instead of being continually forced to doubling down on being the Next Big Thing
- prostoalex 12y agoGood luck aligning those goals with investors'. Most of them signed up for the Next Big Thing, if they wanted a small steady profit, they would've bought a condo and rented it out.