Quote from: livingfree on Today at 09:50:57 AM

Quote from: alastantiger on June 29, 2023, 07:55:21 PM

I attended a business seminar where a facilitator a renowned professor, and Entrepreneur shared a story on how he missed out on investing in a small fintech start two years ago which as at today is worth $500 million. He said the team had approached him to make an a investment in the start but because he did not understand how the were going to make money since he didn't invest the $100k he wanted to write them. Today, he would have been $7.5million richer had he invested.

They say do not invest in what you do not understand which was largely the principle the speaker adhered to but what if despite not immediately understanding the business model and its profit making model yet your business instinct pushing you to invest. What should you do? Listen to the former or follow your instincts?

Still follow your own risk assessment.

Even if you don't know yet the business model and how it's going to make profit, study and give yourself maybe a few couple of days to a week or two before you decide to invest your money on it.

You're not required to gamble everything and you still need to make analysis before you'll fully entrust your money to any investment, whether in crypto or startups.

there's no harm in understanding the project you want to venture with. because no one will do it for your but yourself.