The Last Trade E012: Founder Wolves vs Domesticated Animals with Cam Doody
Onramp Bitcoin Media
00:00
How to Be a Successful Venture Investor
Venture capital allocators are missing the point that like especially at an early stage when you're not looking at financial statements. It's like you have to stare into the heart of this founder and understand it Like is this a wolf or is this a dog and if you can place all your bets and wolves like that's how venture returns happen Yeah, that's that's exactly right. I think uh because you have to back test the storyLike it's the idea maze, right? You know, the whole everybody knows basis was successful But then they don't know that how many times he failed and so he'd go and you know, you go direction And then you have to reverse back out
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