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VC is an entertainment industry. It's about the drama and the excitement.

The entire industry is an RPG played with real people and real money.

Sometimes returns happen, but in many cases they seem to as much by accident as careful design.




At those insane risk rates (at least for early rounds), it better be as exciting as going to a casino. Nobody in their right mind would provide seed funding with anything but gambling in mind. [Except for those who want to change the world by supporting an idea, of course.]




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