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Originally Posted by iggy_oi
That’s very insightful.
If two people invest the same amount in two competing startups at the same time at equal share values and one does well while the other one fails miserably, who did more “work”?
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A prudent investor would indeed put more effort into due diligence in order to minimize risk and increase the likelihood of a successful investment. While luck certainly plays a role in the outcome of investments, particularly in startups, the best investors work hard to stack the odds in their favor through thorough analysis and strategic decision-making.