eli5: What’s a venture capitalist?
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A venture capitalist is a fancy type of gambler who instead of playing casino games plays with companies that make products or services. Many of these investments fail, but if one of them succeeds it pays for the failures plus a dividend. These people are unfortunately the gatekeepers to what products and services might exist in the world to a large extent as they will seldom back things that will grow slowly, opting more for explosive growth at all costs.
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