We are betting our entire career on SpaceX. If we fail, the fund will be gone.

ME AI Message, Brian Singerman believes that the ultimate goal of venture capital has never been to diversify risk for self-protection, but to have the fanatic drive to bet all chips on the greatest company. You must be willing to endure the abyss of losing everything once the fund fails, in order to win the historic wealth feast that is SpaceX. Back then, a handful of early-stage investment firms (such as Founders Fund, Valor, etc.), amid widespread doubts from the outside world, went all in on what looked like Elon Musk’s crazy rocket dream. Now, as SpaceX goes public at a valuation of $1.8 trillion, that once “if it doesn’t succeed, it’s death” survival gamble has finally been fully cashed out into a historic wealth feast worth as much as tens of billions and even over a trillion dollars. (Source: Wall Street Insights)
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