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But how's that different from any other venture capitalist? The idea, if I understand it, is that if you work out everyone will be so rich it won't matter what
by ivraatiems 5y ago
But how's that different from any other venture capitalist?
The idea, if I understand it, is that if you work out everyone will be so rich it won't matter what percentage they own, you'll still be incredibly rich.
If it doesn't work, as it usually doesn't, well, you can't give away 10% of 0, so who cares?
It's not just VCs playing the lottery, it's the founders also.
I'm not saying I support it or think it's a good or healthy thing, but... isn't this the bargain people are willingly making?
- amelius 5y agoThe problem is that the investors/platforms make it seem that the odds of winning are more favorable. HN is an example of this: we mostly hear the success stories.