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So many companies see funding as a replacement for actual revenue. These companies are doomed to fail and deserve to. If you look at their founders then this is

So many companies see funding as a replacement for actual revenue. These companies are doomed to fail and deserve to. If you look at their founders then this is their existence. They live off of the funding for a few years until the funding runs out then move to the next idea. It’s the modern day snake oil spoon fed to investors.

jl2718 6y ago
Except that the big winners are exactly these people. E.g. in the peer-to-peer space, we have companies that have huge revenues from ridiculously simple applications, near-zero marginal operational cost, and still find ways to lose money. Yet this is who we lionize and reward with $100B valuations. Trust me, there were lots of rational technical founders working on exactly the same idea without venture capital funding for years before.