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A brief history of your investors (and their investors)
- _delirium 17y agoIt seems there might be some circularity in the bipolar returns and the "therefore, we have to bet on 1000x winners" mentality. If every bet is a huge one, a bipolar distribution is what you'd expect to get, isn't it? Just a guess, but I wonder if that's partly due to the relatively low capital needs for technology startups compared to some other businesses. Maybe the mid-range profitable companies, the sort that will plateau at $1m/year profits with 5 employees, just aren't seeking VC funding at all, because they have enough in savings/friends/family funding to get off the ground?