Comment by himom

Lol. Balmer personally got involved with all M&A activities over $2m, which is why MS lost out on many deals... m&a and investing are themselves lifestyle business models because there are a very small number of people with the exceptional experience and good judgement about businesses and they have limited time to evaluate prospects. If VC and angel investing were scalable, it would be possible to have a few shops monopolize deals to a far greater degree and they would do tons of deals. But they can’t because of the support and other resources also provided from good VC shops.