I never saw the word “bet” used to describe a venture investment as a negative until you laid it out here. I thought of it as a “bet” that something can emerge here to be much much bigger and more impactful than it is today, and hopefully I could help support that happening. But you are right, it certainly isn’t a bet or wager with discrete outcomes and odds and no influence over those. I guess the key word is “investment”. You are investing in the opportunity as it is today in hopes of helping have a much more valuable one in the future.

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I love building products that people use. I‘ve helped build Twitter, Facebook Connect, LinkedIn, Robinhood. Investor in Medium, Tiktok/Musical.ly, Discord

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