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Sebastian Mallaby: Venture capital as an engine of courage — #8

Manifold

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Where Is the Alpha in Venture Capital?

Venture capital is about reaching for the upside. You have to slightly re wire the human brain in order to correct for that bias. Young investors need to be helped through those bruising experiences of ejecting from the cockpit, because it's real people that are feeling the consequences. And so i think encouraged to pick up and go into the next project with enough optimism to make a fresh bet.

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