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Venture capital has corrupted the tech industry to its core. The VC cash machine has brought us nothing except short term thinking, get-rich-quick schemes, soc
by jondubois 8y ago
Venture capital has corrupted the tech industry to its core.
The VC cash machine has brought us nothing except short term thinking, get-rich-quick schemes, social manipulation, herd mentality, idol-worship, media corruption and corporate growth.
I look forward to the next tech bubble. I hope they all get wiped out.
- WalterSear 8y agoIll winds blow no-one any good
- jondubois 8y agoIf they all get wiped out, it will be very good for me personally. Firstly, I will enjoy watching them fail. It will make me happy intrinsically. If I lose my software engineer job and have to work as a janitor for a while, it would be totally worth it. Secondly, the subsequent failure of their portfolio companies will free up a huge amount of marketshare in many industries; some of which I will be able to capture with my own side project until I can afford quit my janitor day job.