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RE: Introduction to the Economics of Technology With Taskmaster4450

in LeoFinance10 months ago

Investing early has tended to do two things:

  1. Cause people to lose a lot of money
  2. Cause people to make a lot of money

I think a core differentiator is in the investor's ability to not necessarily predict the future, but to instead understand the underlying technology and it's future impact as it is adopted into society

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Hmm. I also read somewhere that out of 10 ,9 ideas fail and still VC cover up the loses and make profit from that 1 successful idea,