Comment by apexalpha
1. Big problem
2. ASML was propped up by ASM and Philips, stepping in as "VCs"
1. Big problem
2. ASML was propped up by ASM and Philips, stepping in as "VCs"
> and people with too much money?
No. VC’s historical capital has come from institutional investors. Pensions. Endowments. Foundations.
For VC don't you need a lot of capital and people with too much money?
Isn't that then a chicken and egg?