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It could be evidence that the idea of VCs may not be a reliable way of investing. Nassim Taleb stated that in 2009, within an 18 month window, banking industry
by azemetre 4y ago
It could be evidence that the idea of VCs may not be a reliable way of investing.
Nassim Taleb stated that in 2009, within an 18 month window, banking industry lost all the profits it ever made since the beginning of banking as an industry.
Such a catastrophic event isn't out of the question for VC either.
- deleted 4y ago[deleted]
- jdsully 4y ago> Such a catastrophic event isn't out of the question for VC either. It is out of the question with the current legal system. Because of limited liability for this to be true they would have to have invested more than the total profits. The individual investments could lose a lot of money but the VC loss is capped at their original investment.