News for hackers. Stuff that matters.

A comment on They thought they were joining an accelerator – instead they lost their startups. Parent comment

Re:They thought they were joining an accelerator – instead t... by kevindamm on Friday May 03, 2024 @07:50AM (#40246589)
I imagine they spend money to consume food... after which, both food and money are gone.
[ Parent | on HN ]
Re:They thought they were joining an accelerator – instead t... by CPLX on Friday May 03, 2024 @08:04AM (#40246726)
What money? I thought there was no reason to be a VC?

Or do they get paid? Is it a lot?

[ Parent | on HN ]
Re:They thought they were joining an accelerator – instead t... by whitten on Saturday May 04, 2024 @08:11PM (#40261368)
Yes. There is a lot of money to be made in VC. Look at "exit strategy" for more info.
[ Parent | on HN ]