“”Here's the number I used to win the lottery“ –Entrepreneurs giving advice”

Re:“”Here's the number I used to win the lottery“ –Entrepren... by asah on Saturday March 04, 2023 @05:09PM (#35024953)

+1. I have 3 IPOs and numerous acquisitions, across multiple industries. It's still 50/50 but that's way better than the long odds most people face.

Also agree that it depends on your goals! I've done venture capital deals, self funded deals ("lifestyle"), non-profit & political campaigns, etc - and different stages and goals.

Obviously YMMV: I know people who legit get lucky and then their luck runs out, and I know smart guys who do everything right and can't catch a break.

It's also fun to angel invest. Get to see dozens more companies from (a bit) of the inside.

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Re:“”Here's the number I used to win the lottery“ –Entrepren... by eddsh1994 on Saturday March 04, 2023 @07:02PM (#35025764)

Did you found those IPOs and acquisition startups? That’s very impressive if so!

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Re:“”Here's the number I used to win the lottery“ –Entrepren... by asah on Saturday March 04, 2023 @07:42PM (#35026011)

thanks. I was very early, but not a founder of the IPOs. If you have access to dealflow and add value (e.g. as staff, investor or adviser), then it's much easier to "pick winners" and let others take the bigger risks and enjoy the billionaire lifestyle. By valley standards, I'm a small but respected player.

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Re:“”Here's the number I used to win the lottery“ –Entrepren... by eddsh1994 on Monday March 06, 2023 @12:59PM (#35044759)

Could you explain this a little more? I've worked in early stage startups for almost eight years and had 1 minor acquisition where I got barely anything. I'd love to look into this 'targeted approach' you mention.

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