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AngelList founder Naval Ravikant says that offering an SLA is unique to most VCs, and that an actual VC firm is using AngelList for applications/deal flow.
Ultimately, by taking a long-term approach, Palpatine was able to disrupt his entire ecosystem, just as most VCs and entrepreneurs hope to do.
Yes, most VCs and angels are clueless.
I would like to suggest that for many if not most VCs and LPs, investing in unicorns, especially at the late stage, is like "driving for show" in golf.
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Unlike most VCs, seed and angel investors can do a lot of deals with a few million dollars.
Unlike most VCs, Kasselakis and his seed-stage firm, OpenFund, are based in Athens, Greece, a country that's nearly bankrupt and where, even worse, more than 44,000 refugees are now trapped (a number that's growing daily, owing to the closed-door policies of its neighbors).
Most VCs are well (and primarily) compensated from the 2percentt annual fees on committed capital that they charge their investors ($100 million fund => $2 million/per year fees).
Soman says that "the reality is that most VCs are male, and it's hard for them to see the value in a solution for a problem they don't personally experience.
Conversely, most VCs were technology founders and executives who sold companies and came into cash.
The tech world and most VCs tend to be parochial, looking at Silicon Valley, maybe New York, and a few other hot markets like China and Brazil.
There's a clear index and path to the web, called Google, and most VCs understand Google economics.
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