A Venture Capitalist Is Betting A Pair Of Socks (and $50 Million) On

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These niche players have proved to be more capital efficient, even as the horizontal players continue to guzzle cash.

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5 Feb 2014.

For more on the bet, see our post: A Venture Capitalist Is Betting A Pair Of Socks ( And $50 Million) On Bitcoin's Future. Music: Janelle Monae's.

Today's venture capitalists look more like bankers, and the entrepreneurs they fund look.

more than $10 billion in 1997, but only 6%, or $600 million, went to startups.

Picking the wrong industry or betting on a technology risk in an unproven.

If just one of the variables drops to a 50% probability, the combined chance of.

5 Feb 2014.

A leading investor thinks bitcoin is going to change the world. A prominent writer disagrees. They make a bet about what we'll be using for.

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