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Juicero raised $118.5m, the other shoe was bound to drop. I don't think the current landscape of VC funds actually knows how to spot value even if it sat on th
by oofta-boofta 3y ago
Juicero raised $118.5m, the other shoe was bound to drop.
I don't think the current landscape of VC funds actually knows how to spot value even if it sat on their face and called them daddy. They're throwing darts at a board, basically.
- JohnFen 3y agoThe cold fact is that nobody is good at this. Predicting the future is inherently a fool's game. VCs mitigate this by dealing in multiple ventures at the same time. Aggregate movements are easier to predict and, as VCs themselves often state, it doesn't matter if 90% of their investments don't pan out, because the 10% that do more than make up for the loss.
- deleted 3y ago[deleted]