If you’re too risk averse to fund the Juiceros you also don’t fund Facebook or Uber. Silicon Valley is OK being 1x wrong to be 100x right
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Replying to @AustenAllred
Is it really 100x right and 1x wrong? That means they have a phenomenal investment thesis!!! Better than spray and pray! Where can we learn?
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Replying to @naresh_sunkara
The question is how many times are you 1x wrong for every time you’re 100x right
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Replying to @AustenAllred
I would say I am 75x wrong and 25x right. Wanted to see how you derived at 100x right on investments in SV. Just looking for data
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Replying to @naresh_sunkara
Most investments lose 1x Capital invested, some earn 100x returns. I’m not talking batting average, but ROI on some individual checks
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