Tuesday, May 29, 2012

Venture Capitalists and Luck

Lots of attention is given to those who give funds to startup companies. It takes lots of faith in the capitalistic system to do it because much trial and error and a preponderance of the latter is always what you get.

There is lots of luck involved. And the fact that one winner out of fifty can be enough for a payoff.

Also, startups help eventually produce new jobs, real jobs, not the shovel-ready variety, non-productive, taxpayer-subsidized variety.(See the Earl J. Weinreb NewsHole® comments.)

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