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I'm not sure what your point is, other that agreeing with the article author that VC's appetite for risk is generally lower than what the brand image of would i
by dogleash 5y ago
I'm not sure what your point is, other that agreeing with the article author that VC's appetite for risk is generally lower than what the brand image of would imply.
- gumby 5y agoI'm glad you commented as that is precisely not what I was trying to say, so i'm sorry I wasn't clear. (OK, actually I did agree with the article in regards to points outside California.) But I was trying to make two points where I thought the post was not correct: 1 - The "don't want to miss out on upside"-motivated crowd take a lot of risk, sometimes on stuff even I think is absurd...and some of those bets that seem stupid to me do pay out. 2 - There's nuance in what appears to be "herding" behavior so that the "sheep" complaint is...probably wrong. Again: my comments are supposed to be normative; the VC community neither needs nor deserves my support.