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Conviction Is a Synonym for Over Confidence
Venture capitalists often set up their portfolios with the idea that they don't know what's going to happen. What you want is optionality andlik you need people to have conviction, because otherwise there would be no unchpenner was right. Conviction for us means, hey, i've done a ton of work, so i've got a lot of stunt cost, which means i've got by us,. That is literally what you're saying when you say that.