Spend resources on a large number of low-conviction bets
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Concentrate your resources on a small number of high-conviction bets 1 0 2Take risks on high-potential people with a fast rate of improvement 1 0 2Being curious and trying many things can increase the chance of discovering what one wants to work on 1 0 2Trying lots of things will mean trying lots of things that don't work 1 0 2Maximizing a startup's chances of success is more important than retaining a large amount of stock 1 0 2The value of a company is not determined rationally but is essentially a bet on its future success 1 0 2Startups should spend their investment money wisely, as running out of money is a common cause of failure 1 0 2Underestimating the amount you hope to raise sends useful signals to investors 1 0 2If you're raising money from many investors, roll them up as they say yes 1 0 2Some investors may lack numeracy skills or believe they cannot predict startup outcomes 1 0 2