VandeHei: Venture investors seeking 10x returns should avoid media
Jim VandeHei · The 4th Estate: How Media is Changing in Washington, D.C. · Feb 6, 2023 · at 2:34
Axios cofounder and CEO Jim VandeHei offers advice to venture capital investors regarding the low likelihood of 10x investment returns in digital media compared to other tech sectors.
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“If you're an adventure guy or woman, and you're trying to get a 10 X, Get the hell out of media. Go to healthcare, or go to energy, or technology places that you're much more likely to get that kind of return.”
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