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This is the "and yet you use an iPhone" fallacy, except for B2B. https://thenib.com/mister-gotcha/ https://thenib.com/mister-gotcha/ It is entirely consistent
by geofft 7y ago
This is the "and yet you use an iPhone" fallacy, except for B2B. https://thenib.com/mister-gotcha/ https://thenib.com/mister-gotcha/
It is entirely consistent to believe that venture capital is systemically bad despite producing the best companies at the moment. That is, in fact, exactly what the article argues - that the reason venture capital is so dangerous is precisely because it's been so short-term successful despite clear reasons it might not be long-term sustainable, that VC might be squeezing out modestly successful companies because they only get rich from hyper-successful ones.
Of your examples, The New Yorker is probably actually not terribly glad about HipChat, which shut down and redirected its customers to venture-backed Slack, which is growing even more quickly. If this keeps up, venture "capitalism" will be a misnomer - capitalism doesn't work without competition.