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Josh Wolfe (Lux Capital) - Investing at the Cutting Edge

Entrepreneurial Thought Leaders (ETL)

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The Importance of Failure Rate in Entrepreneurship

The pattern recognition around a founder sometimes we see somebody that reminds us of somebody else who we made money with or we had great success with. And then the second part of your question just remind me again. What is failure rate? Failure rate. It is a game of frequency versus magnitude. So our failure rate is not that high and sometimes maybe that suggests that we're actually not taking enough risk but I would say that what matters more is not how often you are right or wrong but how much you make when you're right minus how much you lose when you're wrong.

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