Venture guy Tim Draper of DFJ is an ever-entertaining fellow, and in this video interview he offers up a typically Tim rationale for how DFJ approaches risk. After all, his firm is known for taking on some riskier than usual projects (some might say wild-eyed), and it has come to a realization:
We have found that when all the partners agree that this is going to be a big success, that it usually fails. And if one or two think it’s going to be a big success, and the rest are circumspect, that seems to be where we win.
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Good heavens.
I think a major turning point for me was having a close look at the performance of vc portfolios.
Maybe we all are better off for having blind faith as to the welfare of our companies, ‘caus the more I look at venture longevity…the more cynical I get.