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>I don't think VCs will put their money at risk. They're already putting money at risk by investing in startups that are obvious flops. Or even startups that d
by Grue3 9y ago
>I don't think VCs will put their money at risk.
They're already putting money at risk by investing in startups that are obvious flops. Or even startups that do stuff that won't fly even with western-style legal framework (Theranos).
- otterley 9y agoOf course, but in the West, the flops are due to business failures. I'm referring to systemic risk, where you lose your money due to corruption and graft, often before it even gets into the hands of the venture.
- owebmaster 9y agoThe VCs behind Theranos lost their money due to corruption.