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I find it hilarious they are saying VCs wont invest in redhat style business because it's growth is not "hyper". These same VCs who are so fundamentally incomp
by fatneckbeard 3y ago
I find it hilarious they are saying VCs wont invest in redhat style business because it's growth is not "hyper".
These same VCs who are so fundamentally incompetent at the basics of capitalism, like risk management 101 of interest rates, that they had to get bailed out by the government, by the FDIC randomly deciding to rewrite the entire rule book that the rest of us normies have to live by.
- wmf 3y agoI don't see it that way. They were bribed with venture debt and mortgages to ignore the tail risk of uninsured deposits. Probably many VCs would have made the same decision in retrospect.
- mgfist 3y agoSVB was a bank, not a VC.
- dboreham 3y agoIts customers were vcs.
- scaramanga 3y agoIt is no secret that VC's are not interested in productive enterprises which produce a reliable and fair return on investment through revenue-generating activities. As you point out, They are obviously interested in concentration of vast amounts of wealth, which requires a completely different set of tactics. Cornering markets and establishing monopolies, regulatory capture, pump and dumps and other forms of grift and large-scale antisocial behaviour. It should be completely obvious to any onlooker that they have no interest in innovation or technology :)