4 ms·
In my opinion, a terrible article. If you are so much better at knowing what is profitable and what is not, why don't you invest and make a quick billion?
by golol 3y ago
In my opinion, a terrible article. If you are so much better at knowing what is profitable and what is not, why don't you invest and make a quick billion?
- cratermoon 3y ago> If you are so much better at knowing what is profitable and what is not, Perhaps profitability is not the right measure to determine success.
- ch4s3 3y agoWhy would anyone invest in a venture that loses money long term?
- lcnPylGDnU4H9OF 3y agoEspecially the kind of profitability chased after by VCs. Maybe when a business is making enough to sustain the livelihoods of the workers one might consider a business to be successful.
- standardUser 3y ago"Making a quick billion" is so astronomically rare that it should be considered a fluke rather than the result of business acumen. A million monkeys with typewriters, etc.
- indus 3y agoVenture capital was risk capital designed to invest in outliers—-has graduated to a homogenous selection based on college, past-company, access to network.