So, again, to be clear, you believe that a person with access to:
A) A "network", i.e. is friends with talented people
And has access to:
B) "Immense amounts of cash". How much cash? 1 million? 10? 100?
Can easily earn a 10x-100x return on that money? You think turning 10 million into 100 million is easy? Do you know how many people are trying to do that? Do you have any idea how difficult that is even with access to a network and cash?
Money is extremely cheap. The biggest problem in silicon valley right now isn't access to capital - it's that there's too much capital chasing too few good ideas. VCs are desperate for something worth investing in, precisely because of how hard it is to create a good company.
A) A "network", i.e. is friends with talented people
And has access to:
B) "Immense amounts of cash". How much cash? 1 million? 10? 100?
Can easily earn a 10x-100x return on that money? You think turning 10 million into 100 million is easy? Do you know how many people are trying to do that? Do you have any idea how difficult that is even with access to a network and cash?
Money is extremely cheap. The biggest problem in silicon valley right now isn't access to capital - it's that there's too much capital chasing too few good ideas. VCs are desperate for something worth investing in, precisely because of how hard it is to create a good company.