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by e1g
1285 days ago
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If you actually place the bet, you believe the $15 payout is not only “possible” but even “more likely” that other bets available to you. If we define “expect” as 50%+ odds then no, if we define it as “I can see how this could happen” then yes. A $20M Series A requires those investors to believe the startup can get to $1B for the math to work out for a typical fund. |
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Nobody has ever defined or proposed defining "expect" as "I can see how this could happen" until just now. Not only does "expect" imply 50%+ odds, it implies something like 90%+ odds. It implies that you would be surprised if it didn't happen (because you were expecting it to happen).