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Originally Posted by Phast SVX
lets be clear on the "venture capitalists" and what they do. They take existing companies which are private S/C corps, and go public with them, sometimes holding their hands sometimes not. They make their money when the company goes public, and they are paid out multiples hopefully of their shares they paid pennies for
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True, unless the company doesn't go anywhere (whatever that made up statistic is, like 4 out of 5 new companies go bust in the first year) in which case they lose all of their investment and have nothing to show for it
But for the most part, being a venture capitalist (at least a smart one) means you're rolling in the cash and have some cool "ins" in a lot of different industries.