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I am starting to become convinced that most VC backed companies either are scammy from the start or quickly become scammy. Basically they are given a lot of mon
by RcouF1uZ4gsC 6y ago
I am starting to become convinced that most VC backed companies either are scammy from the start or quickly become scammy. Basically they are given a lot of money to “disrupt” a market. So they first have to have to show a lot of growth. The easiest way to do that is to offer for free (or deeply discounted) what used to cost money. So the growth numbers go up. Eventually, they need to be able to start showing a profit. However, the original, most obvious way of monetizing customers is gone, so then the company begins doing shady stuff to try to boost revenue.