VC is apparently awash in capital (11 Trillion USD in bonds now trading at negative interest rates quotes Andreessen)
The Internet was born out of probably the worlds most successful long term focused VC - DARPA
now I can't tell if this is the VC community going back to a long term model and invest for decades before expecting a return. 11 trillion would do a lot of good invested for ten years in the globes best and brightest
If we don't know if the tech will work at all (fusion etc) then YC is effectively funding academic research. Which is fine, but I assume the right way to build a business may not be the right way to choose the next research project. Gittens index notwithstanding
Are these businesses measured in some way differently to the next Uber? Different P&L expectations, different pool of funds? If not then ... ?
The Internet was born out of probably the worlds most successful long term focused VC - DARPA
now I can't tell if this is the VC community going back to a long term model and invest for decades before expecting a return. 11 trillion would do a lot of good invested for ten years in the globes best and brightest
If we don't know if the tech will work at all (fusion etc) then YC is effectively funding academic research. Which is fine, but I assume the right way to build a business may not be the right way to choose the next research project. Gittens index notwithstanding
Are these businesses measured in some way differently to the next Uber? Different P&L expectations, different pool of funds? If not then ... ?