Ail said:
Kasz216 said:
Ail said:
HappySqurriel said: Just as a side note ... As I mentioned earlier, since 1980 100% of net job creation can be attributed to businesses that are less than 5 years old. If you dig further into these numbers, the vast majority of these jobs are created by entrepreneurial start-ups that demonstrate explosive growth. With how risky they are they can't raise money from a bank, with how small they're they have difficulty raising money through an IPO, and they are not well connected or politically important so they can't raise money from the government; and (therefore) they require venture capitalists to survive/thrive. Being that large corporations tend to grow through M&A and not organic growth and therefore don't create jobs, the questions people should be asking themselves is "how do we create an environment where the next twitter/facebook/youtube/netflix will be created?" and not "how do we save bank of America/GM/Blockbuster?" |
I can agree with that and guess what, very few of those business were started by millionaires, they were however as you demonstrate it, funded by venture capitalists...
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How many venture capitalists aren't millionaires
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VC far from represent the totality of their investments however...
How many hedge funds investors aren't millionaires ? ( and there's a lot more money into hedge than into VC).
PS : the most successfull companies of these last 20 years actually hardly needed VC funding by the way ( Google, Facebook). By the time the VC got in those companies were actually already so successfull tha the VC were tripping each others to get in...
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So in otherwords, your completely changing your statements to fit your arguements?
Aside from which, i mean, you do know many venture capitalists are hedge fund managers right?