2 ms·
With VC you are actually investing in new businesses whereas with stocks, unless you are buying at IPO, you are just buying a piece of a pie. And the upside is
by opportune 7y ago
With VC you are actually investing in new businesses whereas with stocks, unless you are buying at IPO, you are just buying a piece of a pie. And the upside is much greater. What these results show is that a16z maybe needs to be more discerning but not that the business model is unsound