power law
2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Mar 6, 2018 by Sam Altman · across every show →
Everything said about power law, oldest first
Mar 6, 2018
Altman: In angel investing, a single winner outperforms all other investments combined
“The power law means that your single best investment will be worth more to you in return than all of the rest of your investments put together. Your second best will be better than three through infinity put together.”
Mar 6, 2018
Levy: Angel Investors Waste Time Negotiating Downside Protection
“If you believe in the power law and you invest that way, excuse me, then what you're not going to do is waste time negotiating downside protection, because what you've realized is that eking out a one and a half X return
On all these little investments is not …”