Comment by andy99
3 days ago
This is new to me, it probably was a scam, but the part about
Investors lose 84% of their money some of the time and all of it 40% of the time
is meaningless. This could easily be true for many venture investments, which is how this exchange is presented. High risk investment is not the same as a scam.
There is a real difference though. Individual investments might lose all their money but as an aggregate VCs make money by investing in dozens or hundreds of companies. No VC is losing all their money across all their investments but that's what this article is claiming happened to investors on VSE.
Some number of VC with some certainty are losing all their money. But you just don't hear from them anymore.