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So blame the VCs, but I don't see why of startup founders and their employees should suffer for doing what their investors told them to do.
by nerdponx 4y ago
So blame the VCs, but I don't see why of startup founders and their employees should suffer for doing what their investors told them to do.
- lolinder 4y agoThe VCs put money into a startup and encouraged them to engage in risky banking practices. If these startups succeed the VCs get a payout, if they fail they get nothing. A taxpayer-funded bailout of the depositors is socialized risk, privatized reward. Why should the taxpayers stand for that?
- nerdponx 4y agoAgain, two wrongs don't make a right. This is like arguing that we shouldn't pay for housing for the homeless because rich property developers are partly to blame for the housing crises in many cities.