Dave McClure might be my favorite VC simply because he puts his money where his mouth is: https://500hats.com/welcome-to-the-unicorn-hedge-2fd3c6b50f89 …
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Replying to @patio11
I mean its one thing to say "I am going to do crazy things which are known to be high-variance" and then have "Well variance" as a fallback.
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Replying to @patio11
It's another thing to say "I'm going to do a crazy thing to create a variance minimization machine. If it fails it will be *really obvious*"
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(500Startups has a lots-of-little-bets strategy which empirically works out pretty well.)
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