No risk if you're a VC. Best case, you're net worth increases by orders of magnitude - worst case, you still earn a hefty management fee on all committed capital. If someone else spends five years of their life on a failed venture, its just one company in your portfolio.
Nothing wrong with entrepreneurship. I just find it grating when the benefits are expounded by people who take the exact opposite deal, in terms of asymmetric risk.
Nothing wrong with entrepreneurship. I just find it grating when the benefits are expounded by people who take the exact opposite deal, in terms of asymmetric risk.