RE: Venture Capitalism: Making The Wealthy Even Wealtheir
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Of course, this is best done with people who take the time to financially educate themselves. The fact that most people lack the basic understanding that goes along with this is a serious problem
Education is quite an important part and must be done before putting in money. VCs are getting wealthier because they are taking and as you said that they are not always in profit and they bear losses as well. Maybe the case that the percentage of loss is quite lower than the profit.
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The loss is often complete.
Just when they are right, they really profit. It is a numbers game. How many losses can one absorb if there was a 50x on Coinbase?
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Its indeed a number game and cases like Coinbase makes a huge impact.. I got it. thanks.