3 ms·
The conclusion contradicts itself. If VCs erred in selecting their companies, then in consquence they will lose and cease to exist. The fact that VCs exist and
by anuraj 14y ago
The conclusion contradicts itself. If VCs erred in selecting their companies, then in consquence they will lose and cease to exist. The fact that VCs exist and thrive proves that they are following what is right for them. Now that right may not be right for everybody and the world which is something to ponder.
- saurabh 14y ago>The fact that VCs exist and thrive proves that they are following what is right for them. Correlation does not imply causation. I can imagine a world where VC's invest in research and teams instead of ideas and goals. What if there was a 500hackers where 500 competent hackers from different fields under one roof get paid well enough to work on a variety of ideas? If I were a VC, I would definitely want a part of the action. Sort of like a modern day Bell Labs.
- anuraj 14y agoA VC is after money, not ideas. Their choices are to maximize their returns. Their investment decisions are purely driven by that. And the best in the industry are doing reasonably well.
- paulmckeever 14y agoI don't think you'll find much evidence that venture capital as an asset class is thriving. And given how long it takes for the performance of a venture fund to become clear, there's no way you can say for sure that the behaviour of investors today is leading to the returns they want.