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If 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 veh
by mobiuscog 3y ago
If 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.