1. "Isn't VC a rich person's game? Or are there mutual-fund-like..." In response to Reply # 0
...VC stocks that one can invest in?
Everything I hear "VC" the first thing that pops into my head are rich Silicon Valley firms tossing millions at startups so they can own a piece if the startup makes it big.
2. "what I'm finding is not necessarily" In response to Reply # 1
Like I said I'm pretty early in my reading/research and initially I saw numbers from $10-25k or higher and was like SHIT, but there are ways to invest in funds with way less money
This company for one https://republic.co/. I need to read up on the JOBS Act but seems like that legislation helped make investing a lot more accessible to everyday people
5. "the majority of startups never turn a profit" In response to Reply # 2
this is the first i'm hearing about republic.co but i would be really surprised if you would return much of a profit. but if i was going to invest i would likely go with a microfund like this but going in it understanding that a big win fall is highly unlikely.
to invest in a traditional VC fund you have to be an accredited investor which usually locks most people out so i think we may see more of these type of microfunds pop up. the VC world is beginning to pivoting to investing in slow profitable businesses instead of throwing tons of money at companies to spur growth in hopes of profitability. there is a long road ahead though.
the key to happiness is not being rich; it's doing something arduous and creating something of value and then being able to reflect on the fruits of your labor
the key to happiness is not being rich; it's doing something arduous and creating something of value and then being able to reflect on the fruits of your labor
3. "it's very very white and in need of major disruption." In response to Reply # 0 Wed Jun-17-20 10:54 AM by dapitts08
i'm mostly interested in nontraditional VCs. like those that are focusing on bootstrappers like indie.vc and earnest capital. or those focused on underepresented founders like backstage capital. any of the other major funds like Andreesen Horowitz, not interested at all.
the key to happiness is not being rich; it's doing something arduous and creating something of value and then being able to reflect on the fruits of your labor
7. "yeah...i've been following her for a few years now" In response to Reply # 4
she truly manifested backstage capital and has opened the eyes for a lot of folks to the opportunities outside of the Silicon Valley bubble
the key to happiness is not being rich; it's doing something arduous and creating something of value and then being able to reflect on the fruits of your labor
8. "I just don't see how regular people get into it. " In response to Reply # 0
I work in finance and was surprised how closed, insular and accordingly rich and white it is. These people only seem to do deals with people they know.
When ever I am asked to invest by people it almost always sounds like a bad idea. Like if this is such a sweet opportunity, why are you offering it to me? Why can't you get traditional investments? I know the answer for a lot of black owned ventures but still.
I don't have enough money where I can invest and not miss it if it fails and even if it was an idea that was into I wouldn't want to be a passive investor.
I would consider micro-lending that is easy to manage and see the results. I buy you a goat and I get a %20 ROI and you get somewhat lifted out of poverty. That I could go for and could live with if it turns out to be a scam.
Don't mind me though. I am hella cynical. I don't truly believe in playing the stock market because I think it's rigged so I am that kind of guy.
********** "Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson
11. "I'd spent the early part of this year planning on starting a consultancy..." In response to Reply # 0
And VCs were a primary audience as the long term goal was to pivot in that direction.
Pandemic happened and had to put those plans on the back burner but still think it's viable.
One thing about the industry is that as has been said it's pretty insular. But I also think it is pretty ripe for disruption. With the big failings of some recent investments there's been a lot of reflection. My plan was to focus on long term viability and strategic planning.
Ahhhhh... It was a good plan. Have to reevaluate whether I'm prepared to revisit.
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