Something I explained to my 11 yo: When something has a really vague name, it's often because people don't want to call it by what it is.
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“venture capital”
That's actually a very precise name. In fact it would be hard to be more precise in two words.
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Risky business
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burning cash
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usury
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Adventure Capital
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Preferred shares
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Then clearly VC hasn't changed in 50 years
Or was it only clear in 1946? Or now?Thanks. Twitter will use this to make your timeline better. UndoUndo
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As in, if you wanted a ship and crew to try sailing past the end of the world to find new lands, with almost no chance of succeeding, you’d ask for captial to fund your venture. With an agreement on how to split the gigantic rewards if you succeeded.
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