It’s not clear that Juicero is actually a bad venture in the sense that doesn’t return the money for it’s investors.
Even if that would be the case, VC’s make most of the money with a handful companies. A VC can have a good fund if 90% of their investments don’t return their money.
I would guess that the same is true for high risk philanthropic investments. It’s okay if some high risk investments don’t provide value as long as you are betting on some investments that deliever.
It’s not clear that Juicero is actually a bad venture in the sense that doesn’t return the money for it’s investors.
Even if that would be the case, VC’s make most of the money with a handful companies. A VC can have a good fund if 90% of their investments don’t return their money.
I would guess that the same is true for high risk philanthropic investments. It’s okay if some high risk investments don’t provide value as long as you are betting on some investments that deliever.