3 ms·
Pumping dumb money into a sector isn't likely to translate into profits. It will translate to a bubble and a lot of opportunists taking the money. It isn't tha
by Nevermark 3y ago
Pumping dumb money into a sector isn't likely to translate into profits. It will translate to a bubble and a lot of opportunists taking the money.
It isn't that it is impossible, but it would take a slow start, and sustained experimentation and organizational learning over many years, before the amount of money that could make a dent in the problem could reliably perform well.
All while VCs would be lobbying to end the incursion, and the easier money - therefore lower returns, it would inflict on their territory.