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thank goodness so many people are smarter than those darn goofy VCs. Businesses competing for customers! It's flagrant hubris. Those Silicon Valley guys who bec
by nerfhammer 8y ago
thank goodness so many people are smarter than those darn goofy VCs. Businesses competing for customers! It's flagrant hubris. Those Silicon Valley guys who became billionaires doing this still have no idea what they are doing. I am pretty sure they have a big comeuppance due to them.
- Retric 8y agoThe number of internet only SV companies that regularly pull in 100+ million in actual profit each year and are thus stable billion dollar companies is surprisingly small. The companies that shoot past that into 50+ billion dollar territory are a large part of why SV has so many billionaires.
- Analemma_ 8y agoThe number of people who became billionaires through venture capital– as opposed to becoming a VC after you were already independently wealthy through family or another business– is also quite small.
- Apocryphon 8y agoMaking big money through unsustainable business models is not a sign of healthy capitalism. Remember CDOs?