Silicon Valley bats for 0-to-1 startups. If you swap "Revenue" for "Risk," that is culturally the same.
People who don't have a "1" full-risk-on mode by default self-select themselves out of this game.
A toy model game is poker. If opponents know you'll never call an all-in/go all-in, they will always outplay you on the river.
And so, let the market pump funny numbers, and matriculate the lucky survivors.
A toy model game is poker. If opponents know you'll never call an all-in/go all-in, they will always outplay you on the river.
And so, let the market pump funny numbers, and matriculate the lucky survivors.