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> CEOs are happy to fuck employees over and we should never forget it. _Jerk_ CEOs are happy to do that. There are plenty of ethical founders and managers out

• arethuza 10y ago
  By their very nature, VC backed companies are likely to get more unpleasant surprises than "normal" companies due to their need for regular large injections of capital from willing investors. Everything can look great until a round of investment falls through or is delayed and suddenly things can become unpleasant very rapidly.
  • TheOsiris 10y ago
    that is definitely not true as a general rule for vc backed companies. this might be applicable to companies that have no business model/non-revenue-generating. but even then, any decent founder can do the basic arithmetic needed to figure out burn and runway
• acdha 10y ago
  This will be a problem as long as “VC” is synonymous “no business model”, which has been the case since at least the late-90s when you started to see huge valuations based on the number of users without any serious attempt to factor in the probable per-user revenue. The only thing which seems likely to change that would be more of a cost for failure, since it's otherwise too easy to gamble everything on the small probability of a huge win versus a more attainable decent return, and it makes it harder for well-managed companies since they're competing with the gamblers for users and staff.