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VC capital goes to noteworthy individuals that are able to give a memorably pitch. Hardworking, sensible individuals build their careers in a different way. If
by Hokusai 6y ago
VC capital goes to noteworthy individuals that are able to give a memorably pitch. Hardworking, sensible individuals build their careers in a different way.
If you take Elon Musk as an example, he was already wealthy. That adds to a sense of entitlement and "be born for success".
I hope that investors stop throwing money to flashy individuals and care more for good sound managers. But, as far as these individuals attract lots of money, independently if their companies make any profits in the long run, it is a better bet for VC money to go this path.
VC money bets on individuals that can attract a good buyout. The quality of the products sold, profits, or any other eventuality is not in the map. Long-term investors should be smarter and be less confident on the VC bets on individuals and focus in the long term viability of their companies.