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VCs are here both symbolic of a system that seeks outsized returns and the catalysts of that system. VC funding is the accepted model for startup success and it
by benjaminjosephw 6y ago
VCs are here both symbolic of a system that seeks outsized returns and the catalysts of that system. VC funding is the accepted model for startup success and it's very difficult to find advice on starting a serious startup that doesn't anticipate VC-style backing. As a result, it's become the norm and an obvious starting point. Capturing the culture of early-stage startups in this way has lead to a monoculture where even communities like Indie Hackers advocates for VC funding[0]. VCs aren't literally the problem but they represent and reinforce the broken status-quo.
I'm interested in the properties of the system we've created and participate in and so this is a generalized observation. There are always counterexamples to generalisations but that's not to say that there isn't something valuable about the generalisation itself. I'm not arguing that without VCs founders would be perfect altruists but there could be other funding models that create fewer conflicts of interest between producers and consumers of technology.
[0] - https://www.indiehackers.com/post/indie-doesn-t-mean-bootstrapped-anymore-a88300c012 https://www.indiehackers.com/post/indie-doesn-t-mean-bootstr...