Toby's Take -The Magic Strategy of Public Venture Capital Investing
For years I have labeled investing in publicly traded growth stage micro-cap companies as “public venture and/or private capital investing.” More recently I’ve begun to call this asset class “DIY Adventure Capital” to recognize that early stage investing can be both in public and private companies—the latter now recognized as “angel” investing.
But no matter WHAT you label early stage investing, there is ONE constant truth to success: you HAVE to spread your bets on at least 8-10 different plays that ALL have to potential to return 10-to1 or more returns.
Why? It’s the MATH, baby.