How come investors give money to startup founders but not state lottery ticket buyers? Isn't their entire job to professionally evaluate these expected values?
Being accepted to YC actually means being funded. With YCVC it's ~$100k.
Investors give money to organizations that either they perceive as having a significantly above-average chance of "winning the lottery", or that have basically already "won".
I wouldn't be at all surprised if there's a bunch of people out there offering to loan money to people who have already won the lottery. :-)
Being accepted to YC actually means being funded. With YCVC it's ~$100k.