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The Venture Game 🦄
Silicon Valley runs on VC (Venture Capital). VCs give money to risky 'Startups' in exchange for equity.
- Seed Round: First money to build a prototype.
- Burn Rate: How fast the company spends money (loses cash).
- Runway: Time left before they run out of money.
- Unicorn: A startup valued at over $1 Billion.
- Exit: Getting rich via IPO or Acquisition (selling the company).
Why do VCs invest? They hope one 'Unicorn' will pay for 99 failures.
