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Daniel_Eth comments on Update on Effective Altruism Funds - Effective Altruism Forum

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Comment author: Daniel_Eth 24 April 2017 01:32:39AM 1 point [-]
Comment author: MichaelDickens  (EA Profile) 24 April 2017 03:11:23AM 4 points [-]

There's no shortage of bad ventures in the Valley

Every time in the past week or so that I've seen someone talk about a bad venture, they've given the same example. That suggests that there is indeed a shortage of bad ventures--or at least, ventures bad enough to get widespread attention for how bad they are. (Most ventures are "bad" in a trivial sense because most of them fail, but many failed ideas looked like good ideas ex ante.)

Comment author: Daniel_Eth 24 April 2017 04:32:46AM 3 points [-]

Or that there's one recent venture that's so laughably bad that everyone is talking about it right now...

Comment author: ChristianKleineidam 24 April 2017 08:13:49AM 0 points [-]

It's not clear that Juicero is actually a bad venture in the sense that doesn't return the money for it's investors.

Even if that would be the case, VC's make most of the money with a handful companies. A VC can have a good fund if 90% of their investments don't return their money.

I would guess that the same is true for high risk philanthropic investments. It's okay if some high risk investments don't provide value as long as you are betting on some investments that deliever.