2 ms·
> Why is there such a culture of fake it till you make it in SV? If the tech is good, no need for faking. Nothing happens in a vacuum. If you don’t work hard t
by tomtimtall 9y ago
> Why is there such a culture of fake it till you make it in SV? If the tech is good, no need for faking.
Nothing happens in a vacuum. If you don’t work hard to hype and oversell your cure for cancer, investors will be passing you by to invest in this nonexistant blood analysis product hyped to the skies.
In VC it doesn’t matter what’s you have. The game is to attract enough captital to the point where you can hopefully crate what you sold investors on already having before he house of cards collapses. It’s like one big hype/investment ponzi skeam after another, however companies can openly loose money for years after years without anyone calling bullshit as long as the prospect of gains are hyped enough. Though importantly, you have to work the right line between outright lying and hyping. Prefix everything with “might be” and “could potentially” dumb investors will still be fooled but you might survive the legal fallout more gracefully.
- yters 9y agoBelieving your own hype does not make it any less a scam.