3 ms·
I've been wondering about this for years. If VCs make thousands of bets, knowing that most of them won't work out but a tiny number will be huge and more than m
by civilized 4y ago
I've been wondering about this for years. If VCs make thousands of bets, knowing that most of them won't work out but a tiny number will be huge and more than make up for it.... won't people eventually learn how to game this system and hoover up the money for 99.9999999% or 100% useless purposes, instead of just 99%?
Or, the world will simply run out of trillion dollar ideas for the VCs to make their money back on, and eventually your 1% of good investments don't cover the 99% of shit anymore, and you have to improve your due diligence, and become more of an ordinary investor?