4 ms·
VC is the search for unicorns. Fund 50 companies and 1 will make back the costs of the other 49 and then some. By design the average VC tech company (the 49) i
by ReflectedImage 3y ago
VC is the search for unicorns. Fund 50 companies and 1 will make back the costs of the other 49 and then some.
By design the average VC tech company (the 49) is a flaming failure. That doesn't mean they can't be packaged up and sold.
- georgespencer 3y agoTotally get the dynamics of venture capital, but there seems to be a very big gap between funding 50 companies with 1 returning the entire fund and what OP described which is the "average" VC-backed company eventually being used to attempt to defraud unsophisticated consumer and public market investors.