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VCs will make their money even from companies that eventually flop. The whole is a great example of Greater Fool Theory: https://investing1012dot0.substack.com/
by OccamsMirror 2y ago
VCs will make their money even from companies that eventually flop. The whole is a great example of Greater Fool Theory: https://investing1012dot0.substack.com/p/institutionalized-belief-in-the-greater https://investing1012dot0.substack.com/p/institutionalized-b...
- dmix 2y agoyeah exactly, this is a way to account for this dumb losses because even when it bombs it's still credible enough to have another dummy