VC's should get into asic mining

[Professor James Moriarty]

 I mean you can make your money back in couple of months (lets say less than 1 year to be sure) and these guys look at %25 yearly return (4 years in ROI) as a good thing.

 So they can spend like 500k or 1m just to get everything that is ready at bfl and fc and avalon knc what not . So why dont they just capture whatever is ready and start minning right away and make their money already? We have seen people like peter thiel investing with caution , 1m is nothing to them , they should just get a deal of 5 th/s or something

[zendantom]

 I mean you can make your money back in couple of months (lets say less than 1 year to be sure) and these guys look at %25 yearly return (4 years in ROI) as a good thing.

 So they can spend like 500k or 1m just to get everything that is ready at bfl and fc and avalon knc what not . So why dont they just capture whatever is ready and start minning right away and make their money already? We have seen people like peter thiel investing with caution , 1m is nothing to them , they should just get a deal of 5 th/s or something

Dont know what VC mean, but nothing hash/dollar wise is ready for shipment now, maybe with 500k or 1m I would try to make own chips if you consider it long investment

[Professor James Moriarty]

 Venture Capitalists , angels.

 They can put in 'millions of dollars' not even just 1m.

 Think about what you can accomplish with 5-10-25 million dollars in bitcoin business.

 You could even make money off daytrading but that would be riskier comparing to building own chips.