Isn't it the case that 9 out 10 startups fail? Why should ICOs be any different? Only change is that failures are no longer swept under the carpet of VCs and written off as tax-deductions.
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It feels extremely unlikely to me that you could find any VC or constellation of VCs whose portfolios shipped that few products for that much money. I also think that stat is likely high but it likely depends on how you define “startup” and “failure.”
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I would love to see this analysis against all seed and angel level startup investments across the globe over same time frame. I bet the positive return is overall single digits and more gross dollars invested.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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It baffles me to imagine that there are folks who don't see these as obvious scams
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There are evidently a lot of people who think that the only difference between themselves and Sand Hill Road investors is the Accredited Investor distinction, and they keep demonstrating why that distinction exists.
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