Comment by codingwagie

Yeah there's a few winners they are hoping for. So they pattern match, Jeff Bezos went to Princeton and worked at hedge funds, so lets fund everyone that looks like that.

Turns out a bunch of those people are actually lemons, so they run a bunch of unprofitable startups.

There's two things going on:

1. Long term risky bets that could pay off massive

2. Who is the person they choose to try and execute on the above