The biggest sin in venture investing is missing outlier winners
Dan Scheinman · 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks · May 21, 2018 · at 21:20
Dan Scheinman, angel investor in Zoom and former head of corporate development at Cisco, analyzes return profiles and pricing sensitivity in startup investing.
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“The biggest sin is missing that 10% deal that's the huge winner, right? Because no amount of mediocre kind of deals can make up for missing Uber or whatever, Zoom or Arista or whatever you want to say. No amount of things can make up for missing something that's great.”
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