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VC money is top 1%er money. Because they are so overloaded with cash even really hairbrained stuff gets funded by someone looking for something, anything, that
by jandrese 5y ago
VC money is top 1%er money. Because they are so overloaded with cash even really hairbrained stuff gets funded by someone looking for something, anything, that can beat the market.
The VC market is basically medieval patronage with a capitalistic flair. Now the patrons are expected to bring you in massive returns instead of just producing culture.
- mixmastamyk 5y agoEspecially when money is so cheap and has been for a decade, and getting cheaper.