this post was submitted on 19 Feb 2025
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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With the whole capital ventures losing 50% value, they likely expected that.
VC don't go in thinking everything will net them a profit. They expect to lose on most, but that one that does kick off covers for everything that failed.
Plus it's not like they lose much in the end. Those capital losses get used to offset any capital gains from the one that worked.
per link, venture capital has been very reluctant to unambiguously realise the losses. a $1b book value is an (imaginary) asset you can hug and hold, a $114m loss is not.
don't believe the broadsheets / the gravy train's a-rockin'