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Once you've failed at one VC-backed startup, it's usually fairly easy to get funding for an infinite string of other failed VC-backed startups. I have quite a f
by dnsworks 17y ago
Once you've failed at one VC-backed startup, it's usually fairly easy to get funding for an infinite string of other failed VC-backed startups. I have quite a few friends with no less than 1/2 dozen startups under their belts over the past 12 years which never profited, and often never brought in revenue. Think of Venture Capital as upper middle-class welfare.
- smikhanov 17y agoIn Europe we don't have this high tolerance for failure. As far as I know, blowing someone's investments here makes you an "investment corpse". If you're in the US, you're real lucky then.
- dnsworks 17y agoIronically I know a handful of Europeans & Australians who are working on tanking their 2nd & 3rd US-based VC-backed startups. I wonder if that's because they're un-fundable back home now.