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Wednesday, February 25, 2015

Zero-to-One: Post #5--Money

 Money. There’s an interesting discussion of venture capital, citing that it takes about 10 years for a company to grow up and be sold. However, most venture backed companies fail—so VCs are like lotto ticket buyers. Venture capital is what Thiel calls a “spray and pray” approach. But they bet on the few that will blow it out and make it worth all their failed investments. The winners are Zero-to-One firms!

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