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I've seen this kind of story on the front page of HN for what seems like at least a decade (probably a lot longer, but I'm relatively new to the site). I'm not
by unexaminedlife 7y ago
I've seen this kind of story on the front page of HN for what seems like at least a decade (probably a lot longer, but I'm relatively new to the site).
I'm not actively rooting for the VC world to implode on itself, but based on the way they behave they're absolutely not spending their own money. I want legislation in place that will prevent VC firms from investing in a project / startup unless they've put a certain percentage of their own money at stake.
Maybe at that point we'll start seeing a lot less "pump and dump" and a lot more efforts toward building sustainable businesses.