AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Feedback Loop Is 10
I've been an investor for nine years. The feedback loop is 10. I've made 35, 40 decision. If I deferred any learning to the end, it would be pretty wasteful. There's another psychological thing we fight. Your lemon's ripen first. So if your company goes for 10 years, there's a pretty good probability it's gonna have a good outcome. But the ones that die after can't raise the next round,. That's when your negative outcomes manifest before your positive outcomes.