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by StressedDev
972 days ago
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A VC which is a serial idiot will eventually run out of money. One thing to remember is that not all VCs are the same and there probably are some which are very good at what they do. Another way of saying this is just because some VCs are not good at their job does not mean all VCs are not good at their job. |
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This is not really true as VCs are not the sources of the money they invest. VCs raise money from their backers and there really is a (virtually) infinite amount of money available to raise, even for a repeatedly unsuccessful VC firm.
As with the startups themselves, the key skill is raising, not earning the actual ROI.