Re:What Hasn’t Changed: The Internet Keeps Getting Bigger
by jacquesm on Monday November 26, 2012 @01:21AM
(#4830885)
The viewpoint of an investor is by nature skewed by their portfolio and those that they interact with. Those are all parties that have already somehow 'made it'.
The dark horses don't drop in frequency but as the size of the market increases your chances of interacting with one as an investor during the time when they are still small enough that you could get a relatively large slice of the pie for a good price are decreasing.
That's one of the genius elements in YC, they have made a focal point for such companies at the time when investment is at its cheapest. All it takes is one or two successes for this strategy to pay off wildly.
The dark horses don't drop in frequency but as the size of the market increases your chances of interacting with one as an investor during the time when they are still small enough that you could get a relatively large slice of the pie for a good price are decreasing.
That's one of the genius elements in YC, they have made a focal point for such companies at the time when investment is at its cheapest. All it takes is one or two successes for this strategy to pay off wildly.