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Old VC model: 1. Invest billion$ in startup. 2. Profit. New VC model: 1. Light billion$ on fire. 2. Matt Levine critiques the height and coloration of your fla
by dreamcompiler 6y ago
Old VC model:
1. Invest billion$ in startup.
2. Profit.
New VC model:
1. Light billion$ on fire.
2. Matt Levine critiques the height and coloration of your flames.
3. There is no step 3.
- projektfu 6y agoOld VC model was invest $80M in startup, profit, IPO. Now it’s a billion here, a billion there....
- altoidaltoid 6y agoPretty soon you're talking about real money