Re:Reddit's CEO says that he was inspired by Musk's “violent...
by 082349872349872 on Friday June 16, 2023 @06:11PM
(#36364619)
It is entirely possible that Reddit's CEO compensation is structured so that any chance at valuation doubling, no matter how unlikely, is worth far more to him than his opportunity cost upon valuation halving, no matter how likely.
(in general, if outside investors look for properly aligned incentives, the mathematics of diversification suggests they will arrange for individual portfolio companies to each be run far more riskily than they want their portfolio in aggregate to perform)
(in general, if outside investors look for properly aligned incentives, the mathematics of diversification suggests they will arrange for individual portfolio companies to each be run far more riskily than they want their portfolio in aggregate to perform)