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I think I very much understand the hate this article is getting, and perhaps it's a thing endemic to the entire concept of "investment." People around here lik
by jrm4 4y ago
I think I very much understand the hate this article is getting, and perhaps it's a thing endemic to the entire concept of "investment."
People around here like "solving problems," and I'd go further to say that this is perhaps the most fulfilling thing one can do.
VC doesn't do that. VC is "just greed." This is not to say that VC's can't invest in companies that solve things. If they do, great. But what's perhaps irksome is, here we are watching money try to chase more money, and whether or not a problem is solved is irrelevant.
For those of us who have actually solved problems by means of a business -- watching this particular flavor of a mistake by wealthy (or wanna-be-wealth) people e.g. "oh, I wouldn't buy the product myself" is just annoying.
To those of us that solve problems -- we're now hearing about obviously just a complete f**ing idiot chasing money -- and worse, a space that still might give to him despite this.
I understand that this it just how it is sometimes, but I'm not surprised that this catches backlash.