I would love to sit down with a few of these ivy league educated VCs and get them to explain how they justified investing massive amounts of LP money into blata

I would love to sit down with a few of these ivy league educated VCs and get them to explain how they justified investing massive amounts of LP money into blatantly bogus revenue models. If they can come up with anything other than "build a monopoly and then figure it out", I'd be shocked. Look at all of the most prosperous public tech companies, especially the famous FAANG companies. Every single one of those sells a product/service with an actual profit margin (ads, ecommerce infrastructure, cloud services, media, smartphones, operating systems, etc). Not a single one of them got to where they are with the "sell a product/service at a loss and then figure it out later". Why? Because that's an incredibly foolish and reckless use of capital. This is also why I don't like when companies like AirBnB are lumped in with ones like Uber during these "unicorns struggling in the pandemic" discussions. AirBnB has a sustainable revenue model, they were simply affected by an artificial restriction on travel. Uber and DoorDash have no excuse. VCs, if you're listening... for pete's sake stop blowing investor money on this nonsense and invest in actual good businesses.