It really isn’t, but not in the way you think. Starting a business is a _demonstrably_ worse idea than informed gambling. Winning at horses is much lower varia

It really isn’t, but not in the way you think. Starting a business is a _demonstrably_ worse idea than informed gambling. Winning at horses is much lower variance, is easier to learn, and depends enormously less on accidents of upbringing and social class. VC has historically been a fallback for people who couldn’t hack it in proper finance, and while that’s a little unfair, it’s only a little unfair.