DavidLS comments on Who Wants To Start An Important Startup? - Less Wrong

41 Post author: ShannonFriedman 16 August 2012 08:02PM

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Comment author: DavidLS 16 August 2012 06:39:38AM 3 points [-]

KC does apply to negative EV bets. The formula emits a negative allocation (ie "take the other side").

Comment author: gwern 16 August 2012 02:20:41PM 2 points [-]

Yeah, but I don't think that really applies to startups! (What is 'the other side'? Are there people who offer shorts on arbitrary startups for less than millions?)