“Given a ten percent chance of a 100 times payoff, you should take that bet every time. But you’re still going to be wrong nine times out of ten. In business, every once in a while, when you step up to the plate, you can score 1,000 runs. This long-tailed distribution of returns is why it’s important to be bold. Big winners pay for so many experiments.” — Jeff Bezos
Last year, we decided to experiment with “organized early stage investing” in African technology companies. Our belief was that entrepreneurs across Africa could change the world and solve seemingly impossible problems with the right financial and technical support, driven by the right amount of grit and skill.
At VP this is our ethos and our single most important driving force.