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Yes - this is the VC model. Hitting 100-1000x results every once in a while, as opposed to lots of 3-10x results.
by mathattack 10y ago
Yes - this is the VC model. Hitting 100-1000x results every once in a while, as opposed to lots of 3-10x results.
- freyr 10y agoYes, but eventually the VC needs to hit that 100x result. GoogleX has not. Heck, nothing's even really made it out the gate. The self-driving car is the project that seems to have the biggest potential impact, but the string of high-profile departures over the last year or two is worrisome. Also, the leader wearing Rollerblades to meetings seems far too much like a parody of "quirky tech visionary" for my comfort. But maybe I'm more traditional/close-minded than most here.
- mathattack 10y agoYes. VCs who don't have the big return don't get to have a 2nd fund. :-) I'm bullish on self-driving cars. Even if their cars don't make it, I think the AI behind it will.