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Iron Spike@ironspike.bsky.social |
In all seriousness: ppl laugh/shake their heads when they read about venture capitalists losing umpty million on boondoggles, but the concentration of cash at the top right now is so excessive, so obscene? They barely notice. It's considered the price of admission to play the venture funding game.
7 replies 36 reposts 180 likes
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Sleestak
@sleestak.bsky.social
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As Jon Stewart said to one of his ahole capitalist guests: 'You are playing by different rules using your money and ours.' Normies lose it all and they just keep going.
0 replies 0 reposts 1 likes
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Michael Scally
@fizzvstheworld.bsky.social
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*sigh* We really need to bring back thumb breaking...
0 replies 0 reposts 1 likes
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Deep Cuts in a Lovecraftian Vein
@deepcuts.bsky.social
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Professional gamblers, really.
0 replies 1 reposts 3 likes
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Mop Bucket
@mopbucket.bsky.social
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If they taught the Kelly criterion in school maybe people would understand that these vipers aren't going to lose their jets just because one big bet went bust
0 replies 0 reposts 0 likes
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Vincent Becherer
@vincentbecherer.bsky.social
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So long as *THEIR* personal funbucks aren’t at any actual risk.
0 replies 0 reposts 0 likes
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Alcibiades
@alcibiades.bsky.social
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The potential upside of a unicorn or awfully named ‘decacorn’ is so great that it justifies almost a lot of missed swings. And, as you note, these are mostly just table stakes for the investors that have access. When you’re working with billions, millions in losses are easily tolerated.
0 replies 0 reposts 1 likes
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Frames
@oxinabox.net
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Yes. There are 3 reasons VCs invest. 1. Tail end wins. If 9/10 startups collapse after investing $50M in each but the last makes a billion dollars, then it'd worth it. 2. Aligns with personal goals. This is both for good (green tech, edutech) and evil (prevent public transport, depress wages) 1/2
1 replies 0 reposts 2 likes