Part of the point of venture capital is that, as in Hollywood, many investments yield no returns— but those that do then pay off by the bucketful.
The point of venture capital is to make investments in confident areas of high growth.
More broadly, he argues the immediate-hit-or-it's-a-failure misses the point of venture investing.
You can see that bottom reflected in the low point of corporate venture investment activity.
It also helps that Amsterdam is the focal point of Dutch venture capital.
But the real point of i/o ventures is to incubate startups.
Some more legitimate projects (e.g. Ethereum) offer a high-level whitepaper outlining the key points of the venture, alongside a detailed technical document that explains the technology behind the project.
It has attracted the attention not just of a sceptical mass media, but also of cryptography geeks, scammers, computer scientists, investors (or gamblers, depending on your point of view), entrepreneurs, venture capitalists, criminals, hackers, security services and law-enforcement agencies.
"It would be lovely to see it happen but I think it's a number of years off before it's anywhere near the point of a joint venture," Ross told Guardian Australia.
This ability to adjust the focus, to close in tight on some detail or pull back far enough to view Western art from a wide angle, makes for commentary that takes Watteau as a point of departure and ventures outward, then loops back around to him, the way his compositions lead the eye away from the center toward the edges and back again.
In fact, he points out, the amount of venture capital (VC) going into European biotech is still at its third highest level ever and "only just short of the record levels of the last couple of years".
