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The "Entrepreneurial Business Fundamentals" class I'm taking right now made an analogy of success as starting a fire, and described this type of startup as "wai
by gpcz 14y ago
The "Entrepreneurial Business Fundamentals" class I'm taking right now made an analogy of success as starting a fire, and described this type of startup as "waiting for lightning to strike." It's an extreme end of the venture capital risk/reward curve. The stated purpose of the class is to teach a more consistent way of starting a fire (making sure the business fundamentals line up).
I'm concerned about the ethical implications of glamorizing and advertising this style of venture capital, though -- it may entice young people who otherwise wouldn't do this type of thing to make incredibly risky life decisions for a really low chance at being the lightning that strikes. The investor might lose $20k or something on their angel investment, but the young person might screw up their life. It feels extremely exploitative to me. I understand that it would ultimately be the young person's decision to go through with it, but would they have done so if it wasn't glamorized by articles like this?