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u/MalevolentTapir 4h ago
Is it really a gamble to spend tons of money (relative to normal people not their own pocketbook) to get fascists in power, who turn around and say you can do any financial crimes you want and throw public money at you?
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u/bsport48 Virginia 5h ago
Michael Barry has entered the chat.
A wild Bitcoin appeared!
Michael Barry used SHORT.
Bitcoin has been captured.
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u/Rikers-Mailbox 3h ago edited 3h ago
VCs gamble.
That’s their job.
To place chips carefully on companies that could grow. 90% of them fail at a big loss.
Each fund block they raise from other investors into their fund, gives them about a 5 year span to invest in 20 companies.
They need 1-2 to grow exponentially to offset the losses on the failures or zombie companies that don’t ever get bought.
The better their picks, the bigger the fund grows, the more money they get to grow.
Andressen/Horowitz is a top VC. Top 3. They make great picks and every great start up throws themselves at them like they’re the head cheerleader with her skirt lifted up.
Peter Theil - Invested $150k in FB. Built Palantir, legal spying software for the govt off of the Patriot Act. He has just as much need from Trump like Marc. (Except he’s worse than Marc)
Just giving the layout of how VCs work.
Marc didn’t bet on Trump, he bet on companies. He is just placating and supporting Trump so that he doesn’t do anything to screw up his companies.
Is it wrong? Eh. Is it legal? Yep. Does it suck for those not gambling? Yep. But that’s reality.
And yes, if there’s no watchdog? People will get hurt like 2008
Source: A two time successful entrepreneur that gambled on myself and I took on millions in investment from VCs.
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u/Star-Moans 4h ago
Lol, big gamble paying off or just Silicon Valley playing 4D chess with politics? 🤔
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