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GOBankingRates put out a call to the self-mademillionairecommunity.
Heres the biggest money mistake that one individual made and thevaluable lesson it taught him moving forward.
Both companies are viewed as major players in the educational technology space.
There is trouble with investing this much money into both companies, though.
Gerko said that making this investment was venturing outside his core area of expertise.
No failed project should result in you left empty-handed.
Gerko uses the example of someone who puts theirmoneyinto a startup which does not perform well.
What does the investor walk away with?
In an example like this one, the investor essentially funds someone elses learning experience.
This isnt a bad thing necessarily, but for Gerko its not themost productive useof capital.
Ask yourself: what can you get back besides just hoping for a big win?
From here on out, its important to apply learning to better finesse onesinvesting skill set.
Gerko said he will dig deep into learning why a project went south.
The learnings I gain fuel my approach investing becomes a constant process of sharpening my skills.
At the end of the day, the investors money is on the line.
The only person who has the most interest in its performance is you.
The Coursera and Udemy investment misstep aside, Gerko now primarily focuses on investments in the AdTech sector.
Here hes able to leverage his experiences to identify and invest in the most promising projects.
Your experience can also be instrumental in potentially mitigating downside risks within your portfolio.
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