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VCs have always been money managers looking to make a big return on their existing capital. No part of that has ever included being a good person or trying to
by naet 4y ago
VCs have always been money managers looking to make a big return on their existing capital. No part of that has ever included being a good person or trying to do the right thing.
It's convenient for tech companies that VC investment strategy involves giving seed money to some startups, but it comes at a price of the VCs having some say over company decisions and a high percentage of ownership (and therefore eventual value).