2min chapter

Entrepreneurial Thought Leaders (ETL) cover image

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

Entrepreneurial Thought Leaders (ETL)

CHAPTER

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.

00:00

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