2 ms·
It seems that capital is only abundant through the VC-finance industrial complex, relative dumb money from LPs who buy into whatever thesis a VC firm constructs
by loceng 6y ago
It seems that capital is only abundant through the VC-finance industrial complex, relative dumb money from LPs who buy into whatever thesis a VC firm constructs, and then those VCs will relatively poorly make decisions - only expecting the success of 2-3"unicorns" to pay off their losses and make all their profit - meanwhile that forces, applies pressure to all of their investments to charge more than they may otherwise need to, and use tactics that may not be great, and then that leaves them open to be competed against, disrupted; mind you, their ideal scenario/exit is to IPO and pass that risk off onto society in general. I am trying to combat this with the design decisions for my projects, we'll see if I succeed or if it has any impact.