what if they're just rich guys who got lucky, and at the right time, and now have more money than they know what to do with?
Even if these younger vintage batches fail completely, the existing portfolio will benefit from AI being hyped.
I'll have to assume you don't understand how tech investing works. Give a dollar to 100 companies and you've spent $100. 99% fail, but one ends up returning $1,000 and you've 10x'ed.
Why would it be 10x in this example? Isn't it 1000x? Or 900x if you remove the initial investment?
Do 1/100 companies really experience that kind of windfall?
In this example, you invested $100 to get a $1,000 return. $99 of those investments failed, but the one that succeeded made up for the losses. You still have to factor in the losses, otherwise if you could have just picked the winner from the get-go, you would have done that and invested just $1, not $100.
You spent $100 and came out with $1,000. That’s 10x (you’ve returned 10 times the initial investment).
If you asked, I'm sure they'd admit it is a gamble. The world's best gambler is still gambling.
very amused at this obvious sarcasm getting grey-texted
you're assuming people don't get that it's sarcasm, and are downvoting it because lazy sarcasm doesn't add anything to the discussion.