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VC seed stage backing is based on two things: the team (or who they know) & the addressable market. VC backing is not some meritocracy. YC is better at bridging
by dumbfoundded 5y ago
VC seed stage backing is based on two things: the team (or who they know) & the addressable market. VC backing is not some meritocracy. YC is better at bridging the gap but it's certainly not perfect. uBiome is another pretty blatant YC-funded fraud
- vmception 5y agoMirrortocracy describes both that and all attempted illusions of meritocracies. In this industry, at least.