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Imagine how great VC would be if the numbers worked out that way. Instead of once you've worked out most of the kinks and started hiring an awesome team we com
by sharemywin 9y ago
Imagine how great VC would be if the numbers worked out that way.
Instead of once you've worked out most of the kinks and started hiring an awesome team we come in and give $1m, then dilute your position continually until you own about 18% so you need to create a $1B company to make the numbers work. Because unfortunately it works out only about 1 out 500 times and most of the time you end up broke.
Kid: Oh so you run a lottery.