Black Swan Farming
BlogPaul GrahamJun 14, 2012
AI Summary
VC returns are dominated by extreme outliers. The best YC investments returned 1,000x; most returned 0. The skill isn't picking 'good' startups, it's spotting things that look weird but might be huge. Most great founders look strange initially. The good ones disagree with you and explain why.
From the original
Want to start a startup? Get funded by Y Combinator. !Image 6 September 2012 I've done several types of work over the years but I don't know another as counterintuitive as startup investing. The two most important things to understand about startup investing, as a business, are (1) that effectively…
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