So if "startup" is off-limits, what should we call (and how will we fund) the mid-growth/mid-risk businesses that are too risky for a sane person to take personal liability (which banks tend to require) but aim for 15-50% growth per year as opposed to 5% per week (which is 12.6x annual growth-- impossible without what would be, excluding extreme resources, degenerate gambling).
We say in this country that getting rich slowly is the virtue and that get-rich-quick is the scam. Yet VC is obsessed with the latter.
We say in this country that getting rich slowly is the virtue and that get-rich-quick is the scam. Yet VC is obsessed with the latter.
I have some ideas on how to finance this currently underexplored (and underfunded) class of businesses: http://michaelochurch.wordpress.com/2013/03/26/gervais-macle... . But I have no power, so don't count on me to fix the problem.