3 ms·
The x5 return takes partial responsibility for the 80% failure. These foolish business pivots trashes the brand. If there's only one high-return idea in the roo
by kristopolous 9y ago
The x5 return takes partial responsibility for the 80% failure. These foolish business pivots trashes the brand. If there's only one high-return idea in the room and it's clearly hazardous and unlikely to work - there should be no obligation to take it; an investor didn't drop millions to be squandered foolishly.
- TheOtherHobbes 9y agoVC is an entertainment industry. It's about the drama and the excitement. The entire industry is an RPG played with real people and real money. Sometimes returns happen, but in many cases they seem to as much by accident as careful design.
- manmal 9y agoAt those insane risk rates (at least for early rounds), it better be as exciting as going to a casino. Nobody in their right mind would provide seed funding with anything but gambling in mind. [Except for those who want to change the world by supporting an idea, of course.]