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What do you mean by “they look to the tech companies that control the markets”?
by ibeckermayer 7y ago
What do you mean by “they look to the tech companies that control the markets”?
- jbottoms 7y agoVC's want to keep their risks low, they are more like investment bankers than true VC's. If someone approaches them with a seemingly good idea, they will want to unload it after a development period and realize a 10:1 return. So, they will first talk with a couple of the big companies and try to "pre-sell" the concept without giving away too much of tge secret sauce. In essence, VC's are captive by the tech giants, just as are most professors, and university curriculums.