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kibwen | 9 days ago

"High variance, slightly-negative EV shots on a long time horizon" is a gambling addict's way of justifying the old adage, "sure, we're losing money on each sale, but we'll make up for it in volume!"

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hattmall|8 days ago

Disagree, it's way more like overall our sales are losing money, but the long term plan is to get a buy out.

A strategy that works for a non-trivial amount of startups.

The idea is that if you play incorrectly long enough eventually a bigger better that's more wrong then you will come along.