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Being able to attract capital requires you to convince others to invest in you. For a VC firm, usually that means your fund needs to be profitable. Nobody will
by josephg 2y ago
Being able to attract capital requires you to convince others to invest in you. For a VC firm, usually that means your fund needs to be profitable. Nobody will invest in a VC firm that loses money. So again, staying in business as an investor requires you to invest well.
Or, I suppose, you could commit fraud. I’m assuming we’re talking about regular vc companies and not criminals.
Yes, the truth is more complex than a single sentence can convey. I hope in time you can forgive my crime of brevity.
- lkdfjlkdfjlg 2y agoBeing brief is ok. But if you're allowing for a broader interpretation of "being in business", then that's so broad that it's meaningless. me "what's your criterion for being good at investing?" you "you're good when you do well" If you're so brief that you end up saying nothing at all, just skip the typing instead.
- josephg 2y ago> Being brief is ok. But if you're allowing for a broader interpretation of "being in business", then that's so broad that it's meaningless. On reflection, the long version of my comment is something like this: “The market is the best judge of VC funds. Good choices mean good returns. Bad choices mean VC funds go out of business. And BMF had been profitable for 113 years. Make of that what you will.” In retrospect, perhaps I could have said that. > …, just skip the typing instead. Similarly, lay off on policing my words so heavily. It’s rude. You are a single voice, and while your opinion is interesting, how I phrase things simply isn’t up to you. Especially when you do so from an anonymous burner account, “lkdfjlkdfjlg”. If you don’t like my tone, perhaps consider following your own advice. Skip all the typing and just downvote my comments.