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I disagree with the premise that anger towards VCs isn't warranted. The author paints a picture of the VC as an innocent victim of changing times: "VC doesn’t
by ryanwaggoner 18y ago
I disagree with the premise that anger towards VCs isn't warranted. The author paints a picture of the VC as an innocent victim of changing times:
"VC doesn’t have a greater share of bad actors than the ecommerce or gaming sectors. Large-scale, software VC is simply a formerly great business in decline, and there are a lot of good, smart people who haven’t made in VC yet who are worried about their (and their families’) economic futures. It’s not evil — it’s their job and they may not feel they can switch."
Those poor VCs who have no other career options available to them, and must therefore resort to squeezing every last drop of blood from entrepreneurs who don't know any better.
I absolutely believe that there are some fantastic VCs out there, but anger against the industry is only natural when you've been screwed over like some of these companies have.
- dennykmiu 18y agoBeing angry with VC's is like being angry with mother-in-law. They will always be a pain if you insist on sleeping with their daughters. So make your choice, stop taking their money and they will cease to be your problem. Be angry ... but move on.
- tonystubblebine 18y agoI love this analogy.