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Comment by apexalpha

3 months ago

1. Big problem

2. ASML was propped up by ASM and Philips, stepping in as "VCs"

For VC don't you need a lot of capital and people with too much money?

Isn't that then a chicken and egg?

  • > and people with too much money?

    No. VC’s historical capital has come from institutional investors. Pensions. Endowments. Foundations.

    • Interesting, is that still the case? And how is the decision to take those high risk investments made for things like pensions and such?