I wish I had met Low Risk Rules years ago. I have made 4 or 5 such investments. Some have gone broke, others are probably well into the process. My first one was salvaged a day before it collapsed by selling out to Amazon. It was a "Three Bagger" that encouraged me to try again. I should have quit while I was ahead. The remainder have wiped out what I made on the first one, and a little more of my hard-earned capital.
I wish I had met Low Risk Rules years ago. I have made 4 or 5 such investments. Some have gone broke, others are probably well into the process. My first one was salvaged a day before it collapsed by selling out to Amazon. It was a "Three Bagger" that encouraged me to try again. I should have quit while I was ahead. The remainder have wiped out what I made on the first one, and a little more of my hard-earned capital.
As the title of the paper @Jonathansmart linked to says, it's the triumph of hope over experience!
Every time I see an article about VC investing, I feel obliged to link to the Kauffman foundation's study on their own VC investments.
https://www.kauffman.org/entrepreneurship/reports/we-have-met-the-enemy-and-he-is-us/
Oh wow this is amazing - never seen this. Thanks!