Last night I attended the book launch for Jason Calacanis' new book - Angel, How to turn $100,000 into $100,000,000.
Jason was an early investor in Uber, which has obviously paid off nicely.
During one of the segment, Jason suggested taking $10,000 and investing a $1,000 in each of 10 companies.
7 of those ten will flop right away and 2 more will probably fade away in 18 months.
However, if one of the three is around 3 years later, you may have a "unicorn" on your hand.
$10,000 may be too much for people to shell out. However, with cryptocurrencies, this can be scaled to $100 divided 10 times between 10 currencies.
This should in no way be construed as investment advice but an approach and methodology for diversifying investment.
Taking a 3 to 5 year approach to investing can and should pay huge dividend.
Even if one does not hit a golden investment, the education alone will set you up for the next five year.
Love to hear any thoughts.
Below is an image if you want to check out the book (not an affiliate link)
Here is an audio describing my impression of the talk -