4 ms·
I'm no fan of pump-and-dump VCs but this is silly. There's good benefit if venture capital is done well. You don't just wake up and scream to abolish everything
by boeingUH60 3y ago
I'm no fan of pump-and-dump VCs but this is silly. There's good benefit if venture capital is done well. You don't just wake up and scream to abolish everything that's flawed.
Anyways, this article was written by someone who previously worked at Vice News, a media company that just filed for bankruptcy and lit over $1 billion of VC funding on fire...the author has contributed their fair share to abolishing venture capital.
- indus 3y agoThe article does make some valid points about selection bias on who gets money and who doesn’t. I remember another report where 46% of capital went to alumni of top 10 colleges.