> Capital -- especially long-term capital willing to invest outside of the current trends -- is an important ingredient in that mission.
Does anyone else read this and take away "[investors/VCs/other equity funds who don't group-think and blindly follow each other based on FOMO] are an important ingredient in that mission."
I just read it as "Accepting higher variance investments". Start-ups are already high variance, but going outside of existing trends pushes it even higher.
Does anyone else read this and take away "[investors/VCs/other equity funds who don't group-think and blindly follow each other based on FOMO] are an important ingredient in that mission."