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Because then you get money from traditional banks which costs you a lot. VC money is free, especially if you fail. And the next time is always easier because th
by ta988 3y ago
Because then you get money from traditional banks which costs you a lot. VC money is free, especially if you fail. And the next time is always easier because they like people who failed "they learned something".
- romanovcode 3y agoYou are right, and it makes me sad. If a guy shows up and says "Give me 25 mil to open 10 acre potato farm" nobody would give him money because there is no chance of 10x+ return on investment. However his contribution to society is 10x+ than 99% of the startups.
- blovescoffee 3y agoMany many many farmers rely on loans to start their ventures. VCs fund because of possible returns to them not to society. Banks and Gov do the heavy lifting on ag funding.