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How much of this is due to venture capital? Like, if it were possible to make a billion dollars by investing in 100 plumbing companies even if 99 of them turn
by mundo 7y ago
How much of this is due to venture capital? Like, if it were possible to make a billion dollars by investing in 100 plumbing companies even if 99 of them turn out to have been dumb, would plumbers make $250K out of college?
- Gibbon1 7y agoOne can think of VC's as shooting canons full of money into the weeds and hoping they nail a unicorn. Less flippantly VC funded companies succeed not because they hire more competent people but because they are vastly better funded than more normal competition.
- sweeneyrod 7y agoMy impression is not much; high salaries are instead driven by Google/FB etc.
- beefalo 7y agoOnly if you figured out how to sell a self serve $15/month plumbing service or run advertising through the pipes