The VC Casino

I don’t gamble much. I enjoy playing, so for me it’s part of a total experience. Usually, I allot some small amount of cash and hope it lasts me a while. It’s not like I expect to win big, I just hope to play well enough that I can sit there for a while. So, it’s more like a cost of entertainment, like paying to see Cirque.

When I sit down at a table, I make sure I limit the amount of cash that I have on me. I don’t really have a gambling problem, but I’m still realistic with myself and the false hope that exists at the table. When you start to lose, you always think the next hand will put you back in the game. Just one more!

VC is kind of like that for a lot of people. It’s been compared to a drug, an addiction, and a need for more. But to me it’s not as much about a quick fix, it’s more about how the next round will be what it takes to get you to black. Just one more!

Series A, B, F, whatever. You keep playing in red thinking you just need more money to hire more people, sponsor more conferences, build a bigger office. If only you had more money, you’d defintiely figure out how to actually make money. You’ll be profitable after that next round!

That’s not really how it works in a casino. And it’s not how it works in business. And I bet the odds are better in Vegas.