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A huge issue here is that venture capital's classic business model isn't compatible with SpaceX-scale ventures because they take way too long to return value to
by thisisbrians 7y ago
A huge issue here is that venture capital's classic business model isn't compatible with SpaceX-scale ventures because they take way too long to return value to investors. SpaceX took 6 years just to complete a demonstration flight to LEO, for instance, whereas a VC is looking for a liquidation event in the ~7 year timeframe.
- forkerenok 7y agoI think VC game is evolving and there should be a group of VC investors or a chunk of VC money aiming at longer and riskier shots.