KC does apply to negative EV bets. The formula emits a negative allocation (ie “take the other side”).
Yeah, but I don’t think that really applies to startups! (What is ‘the other side’? Are there people who offer shorts on arbitrary startups for less than millions?)
KC does apply to negative EV bets. The formula emits a negative allocation (ie “take the other side”).
Yeah, but I don’t think that really applies to startups! (What is ‘the other side’? Are there people who offer shorts on arbitrary startups for less than millions?)