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A comment on I lost $209,640 of my own money trying to start a business. Parent comment

Re:I lost $209,640 of my own money trying to start a business by amelius on Tuesday January 31, 2023 @10:09AM (#34595960)
> I have a very high level of scepticism towards non-technical founders without deep pockets:

Even if you're a technical founder you should be sceptical about your own idea and putting all your eggs in one basket, and being played by VCs who spread all their eggs over different baskets.

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Re:I lost $209,640 of my own money trying to start a business by nicbou on Tuesday January 31, 2023 @11:45AM (#34597491)
What do you mean by that last sentence? I'm not familiar with startups.
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Re:I lost $209,640 of my own money trying to start a business by lolinder on Tuesday January 31, 2023 @12:26PM (#34598233)
VCs (venture capitalists) tend to invest in many different companies that stand a very small chance of success. Because they spread out their risk, they can make quite a lot of money from the rare success. Founders who go all in on a single idea, on the other hand, will most likely fail.
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