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by futuremint
5559 days ago
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Most VC's are backed by enormous pension funds and/or other group retirement vehicles. This is how they can afford to bet large sums of money on multiple companies with an expected payoff of only 1 in 10 companies on long time frames. The pension isn't using that money (right now anyway), so the VC is free to do with it what they want, and in the end the money comes back to the pension in multiples. At least this is my understanding talking to an actual VC (not in a fund-raising situation, just casually). |
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