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> attitude of hatred towards success, which was a large part of the propaganda If success is defined as not working, but parasitically living off the labor tim
by pastProlog 10y ago
> attitude of hatred towards success, which was a large part of the propaganda
If success is defined as not working, but parasitically living off the labor time of those of us who do work, as heirs and VCs and their LPs do, then yes, there is a hatred of "success". We who work don't need heirs parasitically living off our work and sweat.
- gavanwoolery 10y agoVCs provide a service that is not entirely parasitic (although I do enjoy the term "vulture capital" :) ). They provide funding (good) and they provide an increased ability for you to sell your company at a higher price (good). Take the Oculus situation - Oculus did not need that $75 million off the bat (via VC $), but it did set the bar for their value and acquisition at the order of $2b. Palmer Lucky is now in his early 20s and worth $700m, hard to argue that he did not walk away with a good deal. (And yeah, its not always a good deal, but often times a better deal than founders would get flying solo).