Re:Excite CEO: Why Excite didn't buy Google (2014) [audio]
by jdmichal on Wednesday November 27, 2019 @08:18AM
(#21647548)
It's exactly this. You have to judge a decision based on the merits of the decision, not on the outcome. A great example is poker. I should call an all-in on a hand I will win 95% of the time. I will still lose one in twenty times. That does not mean it was a bad decision.
So it's important to remember that an investor who passes on a product that goes on to become very successful may have actually made the best possible decision given the information that she had.