Cindy Bi ㊙️ Profile picture
Seeded 12 Unicorns. 2 later stage🦄 @CapitalX_ Rolling funds https://t.co/EEWFFMhjQW https://t.co/qtBTTnWFIC Pitch https://t.co/EGWtKNucL0
Aug 23, 2020 4 tweets 3 min read
"Lots of advice on how big your angel portfolio should be is wrong.

Maybe not in the advice they give, but in their methodology. They are a dead end.

This post will take the hard road and try to reason about power law distributions.

That means math, and code." "I simulated this in code. I ran each simulation 10,000 times and plotted the distribution of outcomes.

The more companies you invest in, you have a lower chance of losing money, but also a lower chance of making a lot of money - although people rarely highlight that part."
Aug 9, 2020 17 tweets 10 min read
1/16

CapitalX - Cindy's Journey from Angel Investor to VC via @YouTube

Video clips from fireside chat w/ @glennon @DrabkinRon etc. a while back. 2/16

CapitalX - Naming

X is ahead of Y so @CapitalXCompany may invest better than @ycombinator - just kidding! 😂

Thanks to @JenniferHli's comment!

X represents "the unknown" so let's work to figure out its value.

It's refreshing!

via @YouTube