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Very cool - I think democratizing VC will help spurn a lot more innovation. But do you think letting retail investors enter VC will produce the same irrationali
by alexanderwu 6y ago
Very cool - I think democratizing VC will help spurn a lot more innovation. But do you think letting retail investors enter VC will produce the same irrationality as what we see in Robinhood and the Stock Market?
- anzhelika18 6y agoStock market offers liquid financial products, while angel investing is definitely illiquid. Irrationality in VCs will always be involved because we are human-beings but for sure less than in the stock market.
- steventey 6y agoTotally agree with this! There's also the notion of sunk cost when it comes to angel investing, which often arise when a startup goes through a slow steady decline in profitability and eventually, to their ultimate demise. You don't (usually) see this happening in the stock market.