How to be Wrong in Early Stage Venture

Today I discuss the painful reality of venture: investors are wrong a lot. They lose money. But are all mistakes created equal? Or is there a better way to be wrong. I dive in here to review a market take that I had ~3 years ago to see how things have developed in the market and in my one portfolio when it comes to the less fortunate situations in early-stage investing. As always, feel free to reach out with feedback or questions. Original piece here: https://alexoppenheimer.substack.com/p/expensive-options-and-losing-big