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maratc
on April 7, 2023
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Ask HN: Is it appropriate to ask a startup to let ...
If we're valuing a thing that will turn out to be $0 with 99% certainty, or $1M with 1% certainty, then "a hundred bucks" is not a good proposal. 1% of $1M and there might be something to talk about.
akavi
on April 7, 2023
[–]
If they perceive that 1% chance of 1 M$ as having nonzero value, then they're not "valu[ing] it at 0 $"
maratc
on April 7, 2023
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Maybe these people just don't know how to properly calculate the expected value?..
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