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>Companies are ridiculously over funded, and VCs are doing a disservice to their investors as well as to their portfolio companies by giving more money than the
by jbjohns 15y ago
>Companies are ridiculously over funded, and VCs are doing a disservice to their investors as well as to their portfolio companies by giving more money than they need.
No they're not. They're following the market. If they were doing a disservice to their investors, do you think the investors would just sit back and lose millions?
- JabavuAdams 15y agoYes.
- jbjohns 15y agoYou have a pretty low opinion of people who've managed to make large sums of money. If they're as stupid as you think, maybe that money would be better utilized by people who aren't?
- JabavuAdams 15y agoBah. The problem is that the feedback cycle is too long to penalize certain behaviours. It's not about stupidity, etc.
- psychotik 15y agoThe proof is in the pudding. If they're making more ROI, on average, in investments made in the last 2-3 years then clearly things are fine. If they're not making as much, on average, as they did 10 years ago, then there is inflation/bubble/etc. Sadly, it'll takes a few more years to do such analysis.