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forwardslash  ·  4230 days ago  ·  link  ·    ·  parent  ·  post: What a stupid idea

Based merely on the business plan of YCombinator I'd say you're on the right track. Basically, Paul's idea is that if you fund 50 startups and only one of them succeeds, the money made off that one success far outweighs the loss from the 49 who failed.