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Starting a VC backed startup is hard. Starting a trade business is orders of magnitude easier, especially right now with a shortage. I helped a friend lease a
by gourdo 3y ago
Starting a VC backed startup is hard.
Starting a trade business is orders of magnitude easier, especially right now with a shortage.
I helped a friend lease a floor sander and they make almost what I do in tech after a couple years (I took a pay cut for reduced work load; not making FAANG cash) Bought their own floor sander.
The VC-tech bubble really screwed up the economics for the majority. Will be great if higher rates mean bunch of people working for funds and yet another clone of bear are scooping ice cream in a few years
- mobiuscog 3y agoIf we removed VC backing, the world would be a better place. Sure, less businesses, but they'd exist for tangible reasons, rather than just being short-term vehicles to make VCs richer with no longer-term vision to actually solve problems.
- jeffreyrogers 3y agoThe people giving VCs money aren't dumb and VC has been a pretty good asset class over the past two decades, which is when it really exploded in size. It's a self-correcting problem, when VC returns are no longer attractive (might be starting already) the fund sizes will go down and only the lucky and/or skilled firms will remain.