> What happened to the investor who just wants to make a few x by investing in firms that are founded by experienced people with connections in their industry?
There are plenty of those firms. They are called "Growth Equity" and "Private Equity."
Whereas the unicorn-strategy firms are called "Venture Capitalists."
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It's all math.
If you invest in a low-risk (established) companies, you don't require high returns.
If you invest in a high-risk (new) companies, you require high returns.
There are plenty of those firms. They are called "Growth Equity" and "Private Equity."
Whereas the unicorn-strategy firms are called "Venture Capitalists."
---
It's all math.
If you invest in a low-risk (established) companies, you don't require high returns.
If you invest in a high-risk (new) companies, you require high returns.