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passivate
on June 2, 2021
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Stack Overflow sold to Prosus for $1.8B
How many times can one person win the lottery? The large firms seem to successfully bet on winners quite a bit.
richardwhiuk
on June 2, 2021
[–]
_Somebody_ wins it every week.
passivate
on June 2, 2021
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People lose money in lottery tickets, casinos, equity investments, etc all the time. If a VC is successful over a period of time with a history of investing in winners, then there is something more than simply randomness.
richardwhiuk
on June 2, 2021
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With enough VC firms, and enough small bets, that's not guaranteed to be true.
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