#140 - How Much Do VCs Make?, A Booming Startup Replacing Fridges, and A Board Game Making $5m A Month
My First Million
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Startup Investing Unveiled
This chapter explores the intricacies of startup investing, likening it to a fun yet illiquid retirement fund that demands patience and strategic thinking. Through examples of successful companies like Airbnb and DoorDash, it discusses the significant potential returns and the financial workings behind venture capital firms like Sequoia. The episode emphasizes the unique dynamics of investor-startup relationships, illustrating how both parties select each other carefully to foster growth and reputation.
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