How to Be a Great Entrepreneur

I look at risk as how you behave in a world of uncertainty. I think risk is something you take actively with agency. Most people don't like that. They like to avoid risk. But when you realize that risk taking is really just the willingness to pursue an unambiguous, massively high upside in an ambiguous future, the expected value of the payoff function is actually quite good. What I really invest in is very risky projects with wildly asymmetric payoff functions. That's kind of how I look at the world. And that's how I try to work with the founders.

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