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The same experienced people that gave triple A ratings to junk bonds before the crash? Snark aside, if you happen to halfway accurately solve the problem of ra
by endymi0n 10y ago
The same experienced people that gave triple A ratings to junk bonds before the crash?
Snark aside, if you happen to halfway accurately solve the problem of rating a startup's risk and potential, better keep it to yourself and go down as the most successful VC in history.
- unclebucknasty 10y agoHa! Well, it definitely wouldn't be perfect, but an experienced VC knows quite a bit more than the average crowdfunder in assessing risk, threats, opportunities, valuations, etc. Given that the biggest gripe about crowdfunding is that the green amateurs must be protected for themselves, a little guidance there might help to close the gap. No omniscience required. Just a starting point.