News for hackers. Stuff that matters.

A comment on Don't Take VC Funding – It Will Destroy Your Company. Parent comment

Re:Don't Take VC Funding – It Will Destroy Your Company by jrm4 on Monday July 10, 2023 @12:39AM (#36662166)
Out of....
[ Parent | on HN ]
Re:Don't Take VC Funding – It Will Destroy Your Company by reducesuffering on Monday July 10, 2023 @12:47AM (#36662217)
Certainly not 1 billion, which is what the lottery chances would be to win 25 times. (1 in 42m)
[ Parent | on HN ]
Re:Don't Take VC Funding – It Will Destroy Your Company by graton on Monday July 10, 2023 @01:22AM (#36662432)
I don't understand this logic. The US has the Powerball lottery.

So far it has been won 403 times[1] what seems around 20 year time span. With a US population of around 360 million. So not sure why 25 winners would require a population of 1 billion.

[1] https://www.powerball.net/winners

[ Parent | on HN ]
Re:Don't Take VC Funding – It Will Destroy Your Company by reducesuffering on Monday July 10, 2023 @12:58PM (#36669192)
I was using some state odds. Ok so 1 in 1m for Powerball, yet HN is ~3m, so we have 1 in 100k on HN. Already an order of magnitude difference. Then, of course, not even 1 in 100 here are actually giving a startup a serious go. So comparing successful startups to the lottery is easily 1000x off.
[ Parent | on HN ]
Re:Don't Take VC Funding – It Will Destroy Your Company by jrm4 on Monday July 10, 2023 @01:23AM (#36662436)
Do you understand what a metaphor is?
[ Parent | on HN ]
Re:Don't Take VC Funding – It Will Destroy Your Company by reducesuffering on Monday July 10, 2023 @12:55PM (#36669139)
Of course. Stats say it’s a bad one though
[ Parent | on HN ]
Re:Don't Take VC Funding – It Will Destroy Your Company by jrm4 on Monday July 10, 2023 @02:30PM (#36670877)
Not really; the "lottery" includes all the stupid smaller games too.
[ Parent | on HN ]