Ralston: Picking multi-billion dollar startups does not prove investor skill
Geoff Ralston · Michael Seibel - Startup Investor School Day 2 · Y Combinator · Mar 7, 2018 · at 27:40
Speaking at Y Combinator's Startup Investor School, YC partner Geoff Ralston highlights the major role luck plays in early-stage angel investing returns.
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“Just because you've made a lot of money investing, do not forget there's a significant component of luck. Involved. And it's great if you all are the lucky ones that pick the one or two or three companies in this batch or YC, for example, that become multi-billion dollar companies. But just because you do that doesn't mean you're an A-plus investor.”
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