> He would have built Birchbox rather than Pinterest and Airbnb rather than TripAdvisor. He would have found product market fit and a viable business model before spending money on development resources.
i understand they have enough physical risk so they avoid spreading money in hope that some unclear possibility will succeed.
i wouldn't like non-criminal investors be that (financial) risk averse, otherwise we won't get many new interesting businesses. let 9 of 10 startups fail, but the 10th would be google. (and the 9 wouldn't wear cement shoes)
i understand they have enough physical risk so they avoid spreading money in hope that some unclear possibility will succeed.
i wouldn't like non-criminal investors be that (financial) risk averse, otherwise we won't get many new interesting businesses. let 9 of 10 startups fail, but the 10th would be google. (and the 9 wouldn't wear cement shoes)