| Noam doesn't make a data-based argument. He uses an anecdote.
And that argument is then countered with another anecdote. The only way to really win this argument is by releasing all the data. Not thinking that's likely to happen.
And that argument is then countered with another anecdote. The only way to really win this argument is by releasing all the data. Not thinking that's likely to happen.
Quoted in this blog post from the NYT article: "It’s easier to triple or quadruple your money when you’ve invested $10 million in a $100 million company than when you’ve invested nearly $100 million in a $1 billion company [...]"
Peter Thiel invested $500,000 for 10.2% i.e. in a $5 million company.
Unless there's something I'm missing here?
Except that he made no such point and just countered the anecdote with his own anecdotes. The original NYT article comes across as a well-researched, sensible piece of writing compared to this lazy, ill thought out blogpost.