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> The truth is that the vast majority of this cash was dry powder for acquisitions, staying liquid for new new investments, fresh VC money for advertising Any
by chipgap98 4y ago
> The truth is that the vast majority of this cash was dry powder for acquisitions, staying liquid for new new investments, fresh VC money for advertising
Any sources for this? This seems like an opinion with nothing backing it up.
> Isn’t it these same folks who remind us all the time that most startups fail?
There is a big difference between a single startup being able to fail at any time and many of them failing all at once.
- colinmorelli 4y agoThere's also a big difference between a startup failing because it doesn't deliver a product that people want and will pay for, and a startup failing because of "random chance" (in quotes because I can't prove that bank choice is a random distribution among startups, but it's not clear that it's a proxy for quality of founder or company)