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The real losses are the VC capital (that could have been deployed to more meaningful businesses) and the loss of client capital. Many people put their life savi
by itake 4y ago
The real losses are the VC capital (that could have been deployed to more meaningful businesses) and the loss of client capital. Many people put their life savings that may or may not evaporate.
- woodruffw 4y agoI think this is predicated on the assumption that VCs generally deploy their capital wisely, which I don't necessarily buy. Before cryptocurrencies, the rage seemed to be "Uber but for X." I'm not convinced there was much social or financial benefit in most of those, other than cynical value cycles culminating in offloading junk onto public markets.
- deleted 4y ago[deleted]