I think betting the house on pocket aces may be good advice if you really know what you’re doing, but if you’re just learning the ropes this strategy would be unforgiving. What if you think you have the perfect obvious startup idea, bet everything on it, and it turns out to be a “tarpit idea?”
I agree with the fold pre principle though. I think it’s good to research very many opportunities/ideas, but investing in them can be an insidious trap and it’s easy to underestimate how hard it is to pull out later on.
I think betting the house on pocket aces may be good advice if you really know what you’re doing, but if you’re just learning the ropes this strategy would be unforgiving. What if you think you have the perfect obvious startup idea, bet everything on it, and it turns out to be a “tarpit idea?”
I agree with the fold pre principle though. I think it’s good to research very many opportunities/ideas, but investing in them can be an insidious trap and it’s easy to underestimate how hard it is to pull out later on.