The Silicon Valley trade is also pretty close to being zero-sum... if you add up all the profits from successful investments, they barely cover the losses on all the unsuccessful ones
That's a very strange definition of "zero sum". The fact that VC investment is barely profitable does not mean the industry is zero-sum. There is the potential for huge value creation - the very opposite of zero-sum
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That's a very strange definition of "zero sum". The fact that VC investment is barely profitable does not mean the industry is zero-sum. There is the potential for huge value creation - the very opposite of zero-sum
http://en.wikipedia.org/wiki/Zero_sum