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A comment on Forging a Swiss Lens: How Zurich's tech scene changed my view of SV. Parent comment
The post you're responding to is about economics, though, and VC math doesn't work for funding modest successes.
A VC can fund 10 businesses and have 9 of them fail (high risk) as long as the remaining one provides 100x+ return (high reward).
If you don't fund that one blockbuster then you can't fund the failures.
If you want to be in low-risk and low-reward business, then you're a bank and you're providing loans, not giving out no-strings-attached cash.
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The post you're responding to is about economics, though, and VC math doesn't work for funding modest successes.
A VC can fund 10 businesses and have 9 of them fail (high risk) as long as the remaining one provides 100x+ return (high reward).
If you don't fund that one blockbuster then you can't fund the failures.
If you want to be in low-risk and low-reward business, then you're a bank and you're providing loans, not giving out no-strings-attached cash.