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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.
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.