Over the course of a career, you’re going to make a sequence of bets, Andreessen says: “You’re going to make those bets of the places you choose to go and the people you choose to work with. You’re going to screw some of those up.” And just like in the VC business, it’s wise to understand the difference between two types of errors. Mistakes of commission — losing everything you invest in a company — can be tough, but you’ll get over them in time. Errors of omission — not investing in the first place — will scar you for life. “Every highly successful VC has made mistakes of omission, really big ones, of companies that they had the chance to invest in, they should’ve invested in, they didn’t invest in,” Andreessen says. “Take the bet, lose 1X. Don’t take the bet and possibly miss on 1,000X.”
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