2min chapter

Hidden Forces cover image

A History of Venture Capital & How to Make the Future | Sebastian Mallaby

Hidden Forces

CHAPTER

Venture Capitalis a Game of Risk Management

Venture capital is all about getting exceptional companies that break out. To get an exceptional company, you do have to take risks and bet slightly if you bet on contrary and crazy ideas,. So some of those crazy ideas will turn out to be just plain crazy, not crazy brilliant. Second thing is, you've got to be willing to use only equity. In the early days, some people use debt, which is ridiculous for a growth startup. It doesn't want to pay back debt service payments.

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