Take a Flier
What it is:
To take a flier means to invest in a highly risky asset or to try for the first time.
How it works (Example):
John Doe starts his own business. He looks for angel investors to give him seed capital. One day, he meets Jane Smith, who decides to take a flier on John's business by investing $50,000.
Why it Matters:
When an investor takes a flier, he or she takes a big risk. Sometimes that risk pays off; sometimes it doesn't. However, the willingness to take a flier is what turns ideas into reality -- and profit.
