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A comment on Snapchat raised $1.8B in a Series F round. Parent comment

Re:Snapchat raised $1.8B in a Series F round by the_watcher on Thursday May 26, 2016 @08:32PM (#11782979)
Because good VCs make money on the ones that successfully monetize, not on consistent 10% ROI. That kind of return is great, but just be a PE firm if that's your goal.
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Re:Snapchat raised $1.8B in a Series F round by gjolund on Thursday May 26, 2016 @09:45PM (#11783320)
If you have the money to play the odds like that then more power to you.

I just don't like the acknowledgement that most of their investments will fail.

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Re:Snapchat raised $1.8B in a Series F round by joslin01 on Friday May 27, 2016 @08:49AM (#11785642)
Naw man, that's just how it goes in VC world. You have to play it like that. It's like a roulette table -- hard to hit a number but pays out 33x. Well, similarly, a very successful start-up can pay out 100-1000x and easily carry the other losers.
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