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> How do you know if you have a Rocket? That’s the trick… you don’t. And neither do they. I believe it’s a pretty well-understood statistic that most VC-fund
by ninth_ant 3y ago
> How do you know if you have a Rocket?
That’s the trick… you don’t. And neither do they.
I believe it’s a pretty well-understood statistic that most VC-funded businesses are not successful, and the VCs are only successful because a small number of investments are massively profitable.
Neither VCs nor companies know for sure if they _will_ rocket. VCs are looking for businesses and founders who _could_ rocket.
- anonzzzies 3y agoThat's indeed what I understand. And in that case, if you believe in your business, statistically, it's a much larger chance your dream will tank when going for a VC. Which does convince me, as I said, that people going for VCs, don't see this as something too important in their life, just something they try and see what happens. Can say whatever bad about Musk (and I do these days) be he seems to be (used to be?) different in that regard. Most would've just given up after a few years and few 100m$. And most do. The world changers won't hang their dream on a practical 15/1 VC. It's not necessarily better to be one or the other, I just don't like people who work solely for the money. And people scamming VCs (who want to be scammed) are not people I choose to hang with, even though I met quite a few.