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Yet VCs are sold that last 10% and an additional 10% on top. No idea why they keep throwing their money into the fire.
by ActionHank 2y ago
Yet VCs are sold that last 10% and an additional 10% on top. No idea why they keep throwing their money into the fire.
- LordDragonfang 2y agoBecause VCs are compulsive gamblers, and they're convinced the payout if they "win" is enormous
- herval 2y agoto be fair, that's exactly what the asset class EXISTS for - betting on huge outcomes, no matter the odds. People misunderstand that due to how much of tech is "VC funded" when building stuff that would fare better as a bootstrapped company (or funded by other means)
- darepublic 2y agoI'm grateful for this