Let's say the average startup has a 10% chance of succeeding. An investor-mentor who could groom startups to raise that chance to 20% would be considered a genius and contribute a lot of expected value. But the investor's expected utility would be much higher by coaching and investing in multiple companies than by trying to start their own.
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Let's say the average startup has a 10% chance of succeeding. An investor-mentor who could groom startups to raise that chance to 20% would be considered a genius and contribute a lot of expected value. But the investor's expected utility would be much higher by coaching and investing in multiple companies than by trying to start their own.