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reillyse parent
But why can't you win n smaller prizes, money being fungible and all we can just tot up the smaller prizes.

mgraczyk
The total number of lottery winners who have won, in total, an amount of say 50,000 USD is at least 2 orders of magnitude smaller than the number of people who have received that amount or more from startup equity

You are making an empirical claim that can be made rigorous, it's just off by several orders of magnitude

reillyse OP
But why are you not including all the people who have won.

Surely the calc is, the number of money gambled in startup equity versus the amount of money gambled in the lottery.

Do startups payout at .5 or above, I think not.

lazide
Most startup gambling is on the form of time.

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