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jamiequint 9 days ago

First, VCs don't get paid when "dogshit startups" get acquired, they get paid when they have true outlier successes. It's the only way to reliably make money in the VC business.

Second, want to give any examples of "shitty, hype-based compan[ies]" (I assume you mean companies with no real revenue traction) getting bought out for "a few billion".

Third, investment banks facilitate sales of assets, they don't buy them themselves.

Maybe sit out the conversation if you don't even know the basics of how VC, startups, or banking work?

truculent 8 days ago | parent | next [-]

> First, VCs don't get paid when "dogshit startups" get acquired

https://www.reuters.com/article/business/peloton-raises-12-b...

sroussey 8 days ago | parent [-]

That’s an article about Peloton’s IPO.

sigh_again 9 days ago | parent | prev [-]

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