| ▲ | toomuchtodo 13 hours ago | |
A raise is random noise, not signal, based a confidence game within the VC ecosystem. LP capital call->GP gamble based on waves arms around considering VC underperforms as an asset [1] [2] class even when accounting for the grand slam returns. It's 0DTE options gambling dressed up as skill and an art. But, you know [3] [4] [5], lottery still pays out sometimes. TLDR A raise is not robust signal in this regard. [1] https://news.ycombinator.com/item?id=7260137 [2] https://www.linkedin.com/posts/peterjameswalker_most-venture... [3] https://en.wikipedia.org/wiki/There%27s_a_sucker_born_every_... | ||