500 Startups co-founder Dave McClure: 90 percent of VCs are going to look like idiots in 10 years


PUBLISHED October 2, 2015
by Chelsea Ng
GW_Summit_2015_0504-620x414

500 Startups co-founder Dave McClure: 90 percent of VCs are going to look like idiots in 10 years

http://www.geekwire.com/2015/500-startups-co-founder-dave-mcclure-90-percent-of-vcs-are-going-to-look-like-idiots-in-10-years/

Venture capitalist Dave McClure takes an unusual approach to startup investing, spreading smaller bets over a lot of startups instead of attempting to pick a few winners. He gets a lot of criticism for the strategy, but he had a clear message for the GeekWire Summit crowd on Thursday: just wait.