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The whole thesis of VC funds is to invest in many companies and have a few home runs drive returns. VC-backed companies failing is just the cost of doing busine
by ahelwer 6y ago
The whole thesis of VC funds is to invest in many companies and have a few home runs drive returns. VC-backed companies failing is just the cost of doing business in a random extremistan world. For programmers it's as you say - either nothing, or at best "nothing to write home about". Unless you win the lottery.
- icedchai 6y agoYep, I understand. I've worked for 5 startups in roughly 20 years. Only one had any real success, resulting in that "okay" outcome. I have more than enough capital to meet accredited investor status, and wouldn't invest in a private company again. (I have in the past and know I'll never see that money again.)