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Because good VCs make money on the ones that successfully monetize, not on consistent 10% ROI. That kind of return is great, but just be a PE firm if that's you
by the_watcher 10y ago
Because good VCs make money on the ones that successfully monetize, not on consistent 10% ROI. That kind of return is great, but just be a PE firm if that's your goal.
- gjolund 10y agoIf you have the money to play the odds like that then more power to you. I just don't like the acknowledgement that most of their investments will fail.
- joslin01 10y agoNaw man, that's just how it goes in VC world. You have to play it like that. It's like a roulette table -- hard to hit a number but pays out 33x. Well, similarly, a very successful start-up can pay out 100-1000x and easily carry the other losers.