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I think this is the old way of thinking in the VC world. Yes, it still happens, but I think enough VCs have been burned by garbage deals that they are starting
by josh_carterPDX 4y ago
I think this is the old way of thinking in the VC world. Yes, it still happens, but I think enough VCs have been burned by garbage deals that they are starting to look under the hood more carefully. No VC wants to be funding the next Theranos or WeWork. Bad economy doesn't mean going back to 2008 funding levels. I think a bad economy today means that the companies being created need to have a viable path for growth as well as profitability.
- Patrol8394 4y ago>No VC wants to be funding the next Theranos or WeWork I wouldn't bet on it. Wait for $$$ to become cheap again and you will see all sorts of garbage with multi million $$$$ evaluation out of thin air.
- josh_carterPDX 4y agoIt's a good point. It does seem like some VCs have short term memory.
- jdminhbg 4y ago> No VC wants to be funding the next Theranos or WeWork. All things being equal, you’d rather not fund failures. But VCs care more about missing Facebook than getting conned by FTX. Most of their investments go to zero anyway.