4min chapter

This Week in Startups cover image

Nikola’s Trevor Milton indicted for fraud, Robinhood IPO + GRIN CEO Brandon Brown | E1256

This Week in Startups

CHAPTER

Investing in Spack Transactions

If you're going to invest in spaks, understand these are not robust companies with products in markets. Some of them are speculative companies like the private market companies i invest in for a living. Be prepared to lose all your money. Get to 20 or 30 bets, and keep it to low single digit percentage of your net worths. If you're worth ten million, if you had 500 thousand dollars in these kind of bets, if youll lose it all,. You're not going to have the risk of ruin. Its five % of your networth, you may get back the next year on your other more stable investments. But don't put 90% of your networth into the

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