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That’s exactly the point of VC largely - no really, that’s no secret at all. VCs want unicorns. To get that big you often have to be the biggest in the space o
by tjs8rj 5y ago
That’s exactly the point of VC largely - no really, that’s no secret at all.
VCs want unicorns. To get that big you often have to be the biggest in the space or big enough with enough moat to effectively be a monopoly. Monopoly status is the goal
- kennywinker 5y agoSo why is VC funding considered a Good Thing® and actively promoted as the way businesses should be created, when literally everybody agrees monopolies are a bad thing?
- barsonme 5y agoBecause everybody wants to be a monopoly but nobody wants to be monopolized.
- tjs8rj 5y agoNot sure what you mean. It’s definitely glamorized, just like working a high paying finance job is (but I don’t think many would call Wall Street ethical or moral). Lots of people want to be VC backed because it’s great for you, but it’s more complicated whether it’s great for anyone else