I can't wait for an HP AI printer
Use Windows for games.
ANNIE DUKE: Sometimes you have to be 40 percent sure. Sometimes you have to be 30 percent sure. You know, if there's $70 in the pot and you only have to call $10, you know, now you're in the 15 percent range in terms of how certain you have to be that your hand is good.
JAD: In that case, you can bet this hand that you're really not sure about knowing that while you might lose this time ...
MIKE PESCA: If I do that a million times in my poker life, the law of high numbers indicates that I'm going to be very much a winner in the long run. It might be the very long run, but you should be ahead in the long run.
ANNIE DUKE: Because it's not—it's not about winning the hand all the time, it's about winning the hand enough of the time.
Any VC is making a bet of the same nature. Because there is some intangible in the team itself, it makes sense for the VC to bet on multiples if they believe that there is a valuable problem to be solved here. Some team(s) will be more successful than others, but it's really difficult to tell at the outset.(The podcast is a great listen!)
[0] https://radiolab.org/podcast/278173-dealing-doubt/transcript
This has nothing to do with the “alt-right” or “conservative news” you brought up. Ironically it seems like you’re making this political, despite complaining about politicization.
You’ll need to back that up with facts, not “it seems to me…”. It’s easy to say “the data are wrong, think about it,” but that doesn’t make it true. That’s just a nice way of saying, “of course those people are criminals, just look at them, but there’s a conspiracy making reality say different.”
Edit: it was a dig to the pro-competition façade some pro-business people put forward.
I got absolutely tarred and feathered at an agency for suggesting this strategy and I just want to say thank you for validating what I wanted to do.
These techniques used to be exclusive to spyware distributors.