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You should never be a "believer" or trust ANY VC. They are blood suckers who only want to make 10x their money
by hackernoteng 3y ago
You should never be a "believer" or trust ANY VC. They are blood suckers who only want to make 10x their money
- snewman 3y agoThis is oversimplified at best. Not all VCs are created equal. A broad-brush characterization like this removes any incentive for VCs to behave well (if everyone will assume the worst of you, why bother trying to build a good reputation), and discourages entrepreneurs from vetting their investors (why bother, if they're all equally bad).
- rvz 3y agoThey don't care. The goal for all VCs is to make large returns from startups, Otherwise they underperform. VCs know that 90% of these startups fail and will make sure that they are highly unlikely to lose. Even if it means dumping on retail at higher prices via selling SAFEs in 'crowdfunding campaigns'.
- seizethecheese 3y agoAnd are willing to fund 9 failures… nobody else will do that and it’s impossible without gunning for the 10x return.