Games of Luck vs Games of Skill and What it Means for the Tech Industry

There’s been a lot of talk recently about small startups being over funded.  Sean Parker, founder of Napster,  President of Facebook and Founders Fund investor,  said: “The market is ridiculously overcrowded with early-stage investors. A lot of these early-stage investors will fund literally anything…  [it’s] the assembly line approach to investing.” What’s the problem with …

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