Andreessen: a16z assumes a 50 percent failure rate on counterintuitive startup bets
Marc Andreessen · a16z Podcast | The Role of Academia in the Startup World · Jan 2, 2019 · at 43:19
Marc Andreessen, co-founder of Andreessen Horowitz, discusses risk tolerance and expected failure rates when investing in unconventional startup ideas.
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“And, you know, and it's, you know, it, and by the way, it, even there we're gonna have, we assume we basically have a 50% failure rate. So, you know, we assume that half the time you know, we're gonna back the, what we think is a good idea, looks like a bad idea, and it's gonna turn out to actually have been a bad idea.”
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