VCs: Our genius is that we make lots of predictions and if only 10% of them pan out, we’re hailed as saviors Also VCs: If anybody else makes a single prediction that fails to come true, they have lost all their credibilityhttps://twitter.com/paulg/status/1247096270956658688 …
Replying to @felixsalmon
If you treat your predictions as though they bear the same truth value as facts, then yes, you lose credibility when they fail. The terms of an investment make it pretty clear what sort of bet is being made. If you just say "this is so," you better not be catastrophically wrong.
8:55 AM - 7 Apr 2020
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