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wait 5-10 years? there aren't any self-driving cars in commercial use right now. VC investors often have long term timelines (depends on the fund and it's objec
by metaphorm 10y ago
wait 5-10 years? there aren't any self-driving cars in commercial use right now. VC investors often have long term timelines (depends on the fund and it's objectives). It's not exactly a distraction tactic to say "our timeline projects out for a decade and we expect to be operating in the red until the technology and politics aligns and comes to fruition, at which point we make infinite money forever."
- sandbags 10y agoYes but most funds are marketed as repaying in 10 years and, even if some take longer, the VC presumably does not want that (since it, presumably, prejudices their chances of raising their next fund). Expect an even bigger fund raise where they hope some other idiots, with even deeper pockets, will keep picking up the tab.
- TheCoelacanth 10y agoCan Uber make it 5-10 years losing $3 billion per year?