“Smart money is just dumb money that’s been through a crash.”– Naval Ravikant (Part III)

Описание: In addition to his entrepreneurial and investment successes, AngelList co-Founder Naval Ravikant is known for his philosophical musings on life, wealth creation, and happiness, which he often shares through social media.

His aphorisms are widely quoted by entrepreneurs and business leaders alike, as they offer insights into the nature of success and fulfillment in life—but they are often hard to decipher.

Reflecting on the growing VC bubble in 2017, Ravikant tweeted his “smart money” and “dumb money” rule with a sense of impending doom. We’re here.

In this post, I go back to the origins of the “smart money” vs. “dumb money” debate, try to answer the question “Is VC Smart Money?”, and put Naval Ravikant’s quote in the context of billions of dollars of write-offs likely to hit VC portfolios in the near future.

▶️ Part III: What You Need To Do To Make “Dumb Money” Become “Smart Money”

👀 Link to the full post: https://thevcfactory.com/smart-money-...

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