The Personal Finance Guide for Tech Professionals: Building, Protecting, and Transferring Your Wealth

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022

T. TaulliThe Personal Finance Guide for Tech Professionalshttps://doi.org/10.1007/978-1-4842-8242-7_5

5. Private Equity

Buyouts, Venture Capital, and Angel Investing

Tom Taulli¹  

(1)

Monrovia, CA, USA

 

The venture capital business is a 100% game of outliers. It’s extreme exceptions.

—Marc Andreessen, Internet pioneer and VC¹

During the dotcom bust, Ben Chestnut, Dan Kurzius, and Mark Armstrong founded a web design agency. They not only built sites for clients but also for themselves. One was for e-greetings. But unfortunately, it did not get much interest from users. Yet there was a silver lining: It had a popular character that was a chimp. The founders would ...