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I won’t say that’s exactly true. I know Founder’s fund have invested in a couple. I think the need for scale limits VC funded options to companies that are buil
by pmart123 7y ago
I won’t say that’s exactly true. I know Founder’s fund have invested in a couple. I think the need for scale limits VC funded options to companies that are building things like a gambling exchange, but at that point, the funding sources might be better from quant traders/hedge funds as its closer to a capital markets type business. For instance:
https://www.bloomberg.com/news/articles/2017-10-30/sports-gambling-is-quant-trading-firm-s-way-to-beat-market-odds https://www.bloomberg.com/news/articles/2017-10-30/sports-ga...
- hogFeast 7y agoThe US market is not representative at all. It is basically nothing (and Susequehana's operation isn't large). Exchanges are cumulatively worth tens of billions and they are a tiny part of the market. Again, most of the people involved have no interest in VCs (I know a few people starting exchanges). They know nothing, and they usually have less money than them anyway.