Providing capital to fund productive and risky ventures undertaken by others is a valuable service.
Everyone on HN recognizes the importance of angels and VCs in the ecosystem - what's so different about what Buffett does? What's so magical about an IPO that means, once it happens, no one who risks their own money on the venture should count as having contributed to its growth?
Everyone on HN recognizes the importance of angels and VCs in the ecosystem - what's so different about what Buffett does? What's so magical about an IPO that means, once it happens, no one who risks their own money on the venture should count as having contributed to its growth?