Re:Definitions on the Economics of VC
by kartan on Monday September 12, 2016 @05:48PM
(#12483982)
> And oddly it gets a disproportional amount of media coverage
It fits the narrative that if you have the right idea you will be rich with help of the already rich people. It is the American dream were some one bets on you and you get to be the best.
I like documentaries like http://www.indiegamethemovie.com/ were you see how much effort it requires to bring an idea to live. And even that they have chosen successful games, the bast majority never sell a copy, still looks more realistic than the VC stories.
I know two people that made successful games for Steam and iOS. And it required in one case years of development after getting home, in the other to invest the money of their company in the game. And in the end they are not rich, but they got good money out of it.
It fits the narrative that if you have the right idea you will be rich with help of the already rich people. It is the American dream were some one bets on you and you get to be the best.
I like documentaries like http://www.indiegamethemovie.com/ were you see how much effort it requires to bring an idea to live. And even that they have chosen successful games, the bast majority never sell a copy, still looks more realistic than the VC stories.
I know two people that made successful games for Steam and iOS. And it required in one case years of development after getting home, in the other to invest the money of their company in the game. And in the end they are not rich, but they got good money out of it.
1. Invent revolutionary product
2. Get VC money
3. Unicorn
It is a story with more impact.