Marc Andreessen explains venture investing

Venture doesn't run on leverage. >> It's asymmetric. You can only lose 1x.>> Yeah. >> Um but you can essentially make a thousandx. And there's two errors in venture.There's the error of commission where you invest in the thing that fails. And then the area of omission where you don't invest in the thing that succeeds. Just in the math overwhelmingly the error of the air that matters is the error of emission. ...