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Gary Vaynerchuk passed on Uber and estimates it cost him $100 million. Sam Parr and other investors made the same call. The lesson: your anti-portfolio of rejected companies that succeeded matters as much as your wins.
Gary Vaynerchuk passed on Uber and estimates it cost him $100 million. Sam Parr and other investors made the same call. The lesson: your anti-portfolio of rejected companies that succeeded matters as much as your wins.
I literally know 15 people that have the same Uber story, which is I passed on Uber. I passed on Uber. I think Gary Vaynerchuk, like in the beginning of his book, he's like, I thank my wife, my children, and Travis Kalanick, meaning I was super close with them and I still passed on that. And that cost me $100 million. Exactly.
Any good startup investor has an epic anti-portfolio, a bunch of businesses that they passed on that they should have invested in. That is part of playing the game. Being a basketball player, you know, that Michael Jordan commercial where he's like, I've missed 3,000 game-winning shots or whatever. It's like, yeah, that's what happens when you play. You're going to miss shots. Yeah, every— everyone has like
