How does VC funding work, actually?

SoS Saal 6
aricake
You probably have heard of "Venture Capital" - the mysterious infinite source of money that powers the startups of Sillicon Valley (and beyond), that powers the "AI revolution" and "crypto revolution." You even might have heard names like YCombinator and a16z, or terms like "Unicorn", "PMF" and "TAM". But where does that money come from? How can you get it? And why do people continue to give money to startups, despite 90% of them returning 0 money? Even among IT nerds, VC is often seen as something vague and mysterious - despite it shaping the world of technology since the early 2000s. Some people get money, some don't - with little rhyme or reason. This is a small talk of someone who actively participated in the VC ecosystem. While there is a critical lens, the main purpose is to build knowledge about the system that shapes the realities of our industry. Note: this is an adapted version of a short lecture I gave at the Hacksaar Chaos Event

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Type other
Language English

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