> Just simply funding companies that are already big and growing rapidly and riding the momentum, seems to guarantee the most consistent returns
if you ever try raising money, you'll find this is pretty much what 99% of money people do. and they'll say it to your face, because what are you going to do about it? beg harder?
it's a bullshit job, to be honest. anyone with decent intelligence and basic social skills could do it. that's why they guard the industry tooth and nail.
i'm no yc fanboy but in my opinion that's what makes them "the 1%", they actually invest in risky startups, en masse. i try to picture some of the vc/pe firms i've talked to doing this, and it doesn't even compute.
if you ever try raising money, you'll find this is pretty much what 99% of money people do. and they'll say it to your face, because what are you going to do about it? beg harder?
it's a bullshit job, to be honest. anyone with decent intelligence and basic social skills could do it. that's why they guard the industry tooth and nail.
i'm no yc fanboy but in my opinion that's what makes them "the 1%", they actually invest in risky startups, en masse. i try to picture some of the vc/pe firms i've talked to doing this, and it doesn't even compute.