3 ms·
Most VCs and most accelerators are bad. Nearly all of them are pile ons. Hope the downturn wipes a lot of them out. Randos became "VC"s in the bull market.
by ilrwbwrkhv 4y ago
Most VCs and most accelerators are bad. Nearly all of them are pile ons. Hope the downturn wipes a lot of them out. Randos became "VC"s in the bull market.
- rdlecler1 4y agoRemind me, what exactly is the benefit of taking capital and competition out of the market? Founders should be doing due diligence on their investors, and if they have better options it’s theirs to take.
- svantana 4y agoOpportunity cost. In a bull market, a lot of bad ideas get (human) resources that would be better off working on something else.
- dasil003 4y agoBecause the competition becomes primarily about raising money and less about building a successful product or business. In that environment, being scrappy and doing more with less gets you crushed by overfunded competitors with slick decks. It’s not strictly better if your goal is to raise money and take some off the table, but it does create headwinds to building a stable right-sized business when investors mentality is full bull-market swoon.