“There is zero chance any of these investments are going to turn a profit.”
This isn’t accurate. There’s a zero chance ALL of them turn a profit, but there’s actually good chance that one or more of them will return a huge profit.
If I invest $100 in a hundred companies, and 99 of those companies fail, you may think I’m a terrible investor. If that 1 company returns $50,000 on my investment though, I’m actually a fucking genius.
“There is zero chance any of these investments are going to turn a profit.”
This isn’t accurate. There’s a zero chance ALL of them turn a profit, but there’s actually good chance that one or more of them will return a huge profit.
If I invest $100 in a hundred companies, and 99 of those companies fail, you may think I’m a terrible investor. If that 1 company returns $50,000 on my investment though, I’m actually a fucking genius.
That’s how venture capital works.