> It's a really weird reality, because typically the worst kind of place to start a company is one with huge barriers to entry that requires a ton of money to get started. Yet that seems to have done quite well recently.
That is the case if a normal person is starting a business. However, for venture capitalists, it is different.
The asset they have is a ton of money, so they are looking for businesses where that provides them an advantage. They WANT to fund a business that requires a ton of money and has lots of barriers to entry, because that is their strength.
That is the case if a normal person is starting a business. However, for venture capitalists, it is different.
The asset they have is a ton of money, so they are looking for businesses where that provides them an advantage. They WANT to fund a business that requires a ton of money and has lots of barriers to entry, because that is their strength.