154 karma · joined September 9, 2016
Jeez! You know Tesla batteries and you don't know that high speed trains are electric?? WTH
Quoted from the hbr article above:
" 2013 annual industry performance data from Cambridge Associates shows that venture capital continues to underperform the S&P 500, NASDAQ and Russell 2000."
Why institutional investors throw money at VC instead of much better options?
Nobody in the comments mentioned the most successful case: Cygnus Solutions had been developing the GNU Compiler Collection (GCC) for good money, all under the GNU GPL. Notably, they made a lot of cash from a deal with Sony to support the original Playstation in gcc.
A good read about how they marketed Free Software on John Gilmore's pages: http://www.toad.com/gnu/cygnus/