> as in the case of Venture Capital that invests in hundreds of startups (selected according to their investment model) estimating that a small percentage of them will turn out successful.
This. VCs have an endless supply of disposable entrepreneurs in their portfolio.
For every 1 person that has PG's version of edgy, devil-may-care entrepreneurialism and succeeds, there's 99 that fail. VCs operate more like brokers than entrepreneurs. The only place they're not playing a numbers game is in fostering business connections and hiring.
Acting as if the SV financial Goliath is David is just, I dunno, old. That assembly line has been cranking out the same "apply software to an existing problem" model for a long time now. And they do it because it works, and actually building things takes longer, has less leverage because of up-front capital, and is much higher risk (and taxation).
This. VCs have an endless supply of disposable entrepreneurs in their portfolio.
For every 1 person that has PG's version of edgy, devil-may-care entrepreneurialism and succeeds, there's 99 that fail. VCs operate more like brokers than entrepreneurs. The only place they're not playing a numbers game is in fostering business connections and hiring.
Acting as if the SV financial Goliath is David is just, I dunno, old. That assembly line has been cranking out the same "apply software to an existing problem" model for a long time now. And they do it because it works, and actually building things takes longer, has less leverage because of up-front capital, and is much higher risk (and taxation).