Diversification in order to have the chance at an outlier, i would say. A company will grow in valuation from two or three million dollars to ten million dollars on the journey from idea to a prototype and then paid customers. James: Are there examples you can share when you invested venture dollars into a life style business? And only invest the money you can lose in gambling, poker, bicoin currency or start-up crypto currencies.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode