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Personal theory is that it's becoming obvious that the VC model is very limited, i.e. it largely works in sectors where you rapidly scale up a product with zero
by Barrin92 5y ago
Personal theory is that it's becoming obvious that the VC model is very limited, i.e. it largely works in sectors where you rapidly scale up a product with zero marginal costs of production which is pretty much only software, and they've run out of social networks to fund.
In other sectors be it healthcare, construction, anything involving people or the 'world of atoms' as Thiel liked to put it things aren't going that great. Web3 seems increasingly the only thing to throw billions at.
- dekhn 5y agowhen I worked at a VC (well, volunteered) I recall the tech investors looking at the health investors and boggling. "You ... want ... us ... to ... do ... what?" "Invest in a company and wait 20 years for it to go out of business? hell no, we invest in 10 companies, 9 fail and 1 makes a billion in their first year"
- danans 5y ago> when I worked at a VC (well, volunteered) Sorry, since you mentioned I have to ask: Why volunteer at a VC? Shouldn't they have plenty of capital to pay you with?
- dekhn 5y agoThe invites to parties, intros to founders, the opportunity to help guide large monetary decisions, and insane amounts of competitive intelligence (VCs dont sign NDAs and founders are often willing to say a lot) were the compensation. Also if I'd ever want to start a company, I'd know exactly what to say and to whom.