Fundamentally, venture capital is the business of identifying & believing in ambitious people who need someone to believe in them. The greater the extent to which they're underestimated, the more you stand to gain — why is this *never* articulated?
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1/2: There's a common way people talk about "believe". Like there's a common way people talk about "know". In the latter they often mean something infallible like "I am certain that". But these common understandings are actually more confusing than the truth.
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2/2: Given "know" cannot possibly mean "certain that" it must mean "I claim, but am uncertain...". Which is what people mean by "believe" - but then this notion of "know" makes "believe" redundant. Yet it's even deeper because knowledge is instantiated in matter but belief isn't.
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