5 ms·
Reading this reminded me of one of the challenges with fundraising VC money, and that is... For the most part you're being judged against the best "bullshit" so
by im_down_w_otp 5y ago
Reading this reminded me of one of the challenges with fundraising VC money, and that is... For the most part you're being judged against the best "bullshit" someone else can peddle. Which risks creating an incentive structure that's a race to the bottom of the manure pile.
- Nokinside 5y agoAt the bottom there is a whole subgenre of startup cosplay. It's like a cultural scene where group of people, mostly young, sometimes older are hanging out and networking and acting "startup". These guys don't even have credible bullshit to get a meeting from real VC. Retired lonely rich tech guys (cosplaying Angel investors) and random big firms from time to time provide snacks and feed the scene.
- im_down_w_otp 5y agoThat sounds... depressing.
- asdff 5y agoI thought HBO's silicon valley would be a wakeup call at the ridiculousness of this culture, but if anything people have doubled down.
- iainctduncan 5y agothat is such a good description, I'll be repeating that one!