A note from Daniel

Venture capital has many, many faults. But there are a couple interesting things about it. One of the biggest is VCs are very interested in whether they were wrong. If they pass on companies that become successful, they want to understand why they were wrong. They want to admit they were wrong and potentially invest in them now. They have financial incentive for discovering truth, which is uncommon.

Daniel The Anthology Of Balaji, page 258 · February 23, 2024 Save to shelf
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