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If startups had capital to coast on they wouldn't needs VCs. If VCs didn't have capital to invest they wouldn't be VCs. One of these groups clearly has more mo
by sqeaky 2y ago
If startups had capital to coast on they wouldn't needs VCs. If VCs didn't have capital to invest they wouldn't be VCs.
One of these groups clearly has more money at the start of this arrangement and you seem to be ignoring the change in npower dynamic that creates.
- n2d4 2y agoThere are VCs, and there are LPs. VCs do the work of finding investments and setting up funds; LPs provide the money and wait for it to grow. Of course, from a startup perspective, both really just look like VCs. But in reality, the people working at VCs but who are not LPs are not usually rich.