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> a VC's job is literally to multiply capital. That's literally everyone's job in investing. You think a pension fund or an ETF serves a different purpose? Ve
by senko 4y ago
> a VC's job is literally to multiply capital.
That's literally everyone's job in investing. You think a pension fund or an ETF serves a different purpose?
Venture Capital's job is to do that by providing capital for risky ventures (it's in the name), not by financing pump and dump schemes.
> Crypto has been extremely good for business
So were subprime mortgages, until the moment they weren't.
- dvt 4y ago> That's literally everyone's job in investing. You think a pension fund or an ETF serves a different purpose? Yeah, if you completely ignore risk profiles. VCs have extremely high risk appetites and comparing them to pension funds is in bad faith.