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Re:Startups Once Showered with Cash Now Have to Work for It by ChuckMcM on Saturday May 21, 2016 @02:52PM (#11745707)
There are some great web sites on how venture capital works, I can recommend https://hbr.org/1998/11/how-venture-capital-works for the basic model (this was pre-dot-com bubble bursting so it got tweaked) and Fred Wilson's summary (http://avc.com/2014/05/vc-fund-economics/) is a good followup.

edit: Wright->Wilson, thanks gist.

Re:Startups Once Showered with Cash Now Have to Work for It by gist on Saturday May 21, 2016 @03:49PM (#11745905)
> Fred Wright's summary

You mean Fred Wilson.