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The mistake

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Happy Life

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19,441 görüntüleme • 1 ay önce •via X (Twitter)

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Marc Andreessen says the biggest mistake in venture isn’t losing money. It’s missing the outlier. "There are two categories of mistakes: there's the mistake of commission and the mistake of omission. Or the mistake of cost and the mistake of opportunity cost." "The mistake of cost is you invest $10 million in a startup, it fails, you lose the money. That's bad. The mistake of omission is you don't invest in Google and you lose a hundred billion dollars of opportunity cost." "Venture, it's the most polarized possible economic field in which this is true... You're always much more worried about the mistake of omission than you're worried about the mistake of commission." "What we're trying to do is get everybody to constantly have this risk forward — worry about the mistake of omission before the mistake of commission — mindset." Marc Andreessen 🇺🇸 with Harry Stebbings
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