3 ms·
My favorite quote from the article: "instead, we have an institutionalized way to recycle capital from its gargantuan silos, a means for taking the risk that c
by zackattack 17y ago
My favorite quote from the article:
"instead, we have an institutionalized way to recycle capital from its gargantuan silos, a means for taking the risk that could be ruinous to an individual and divvying it up among the pools of concentrated capital. We call that institution VC"
This is great. It helps explain the equation I learned in econ class, savings = investment.