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Similar experience. A VC told me that "Money is flowing freely right now" and to "take advantage of it". Implicit message was that it won't be this way in the
by AchieveLife 8y ago
Similar experience.
A VC told me that "Money is flowing freely right now" and to "take advantage of it".
Implicit message was that it won't be this way in the near future and now is the time to jump on the wagon.
- learc83 8y agoVCs have been saying that for years. It won't always be this way, and we will almost certainly will have a recession in the "near future", but whether that's 10 weeks or 10 years away is the real question.
- AchieveLife 8y agoI'm not so much concerned about when it will happen rather the inflated attitude expressed by the VC about money. like a child playing with fire.
- stickfigure 8y agoIt's kind of their job, no? You wouldn't expect to hear a VC say "Hey, here's a term sheet, but no rush - get back to us when you feel like it, there's always plenty of money later." "Recession is just around the corner" is VC-speak for "Offer available while supplies last! Hurry, operators are standing by!" That doesn't mean it isn't true, of course.
- AchieveLife 8y agoThis reminds me of the Mortgage Broker Scene in The Big Short where they interview two brokers. It's their job yet they are contributing in spite of consequences. https://www.youtube.com/watch?v=MesrrYyuoa4 https://www.youtube.com/watch?v=MesrrYyuoa4