36 ms·
The best quote I read on HN (and am paraphrasing now) is that a lot of these venture capital backed startups are in the business of selling dollar bills for 90
by IgorPartola 3y ago
The best quote I read on HN (and am paraphrasing now) is that a lot of these venture capital backed startups are in the business of selling dollar bills for 90 cents.
- hotpotamus 3y agoThe joke that long predates me is, "yeah, but we'll make it up in volume" - it's hardly a new innovation of VC.
- monero-xmr 3y agoThe major innovation of VC is high amounts of capital being made available for business experiments. Before VC it was a small time entrepreneurs scraping to make something that could sustain itself, or new business models funded by existing large corporations that could siphon off some money for experiments. VC enabled big money on truly crazy ideas. VC will continue to exist but entrepreneurs will be far more focused on earning revenue ASAP. You can’t rely on easy money continuing for each round based on your name and connections.