The Ledger

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why aren't all 1 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Opinion

Mauboussin: High seed startup valuations can have positive expected value

“Sometimes it's going to seem insane to pay a lot, thirty million dollars for two people in a garage. When that still may have positive expected value, if that becomes one of the few things that really drive the value.”

Michael Mauboussin Nov 4, 2022 ▶ 27:54 Michael Mauboussin: The Single Biggest Mistake Investors Make In Decision-Making | 20VC #945 · 20VC with Harry Stebbings

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The Ledger

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