4 ms·

People want to remove the 'venture' from 'venture capital'.

• FloorEgg 3y ago
  Maybe if building a startup wasn't such a risky endeavor we wouldn't need venture capital and a lot more people could do work they feel is meaningful and are passionate about.
  • wnc3141 3y ago
    One interesting implication of AI is the potential decapitalizing of business. I.e, businesses will become more modular and not require things like as much dedicated admin to scale. This will not increase the likelihood of product market fit, (as many point out, that is impossible to model given supply constraints and inability to understand demand side revealed preference without some MVP). - however this may decreased the amount of capital needing to be placed at risk, allow fast failing etc.
  • satvikpendem 3y ago
    Lots of people bootstrap just fine to some tens of thousands of dollars with no VC, ie those on https://IndieHackers.com https://IndieHackers.com. It's not really risky if you don't quit your job until you're making enough money to quit. Then if you want to grow faster, you can take VC, which you're much more likely to be offered and receive due to having derisked the business both for yourself and also the VC, since you're making money. This isn't strictly necessary either since you can grow more slowly and still become big, like Mailchimp did for over 20 years before selling for $12 billion.
  • edanm 3y ago
    Maybe some people could do one thing and other people could do something else? Just like today? Lots of people can do work that isn't part of a startup. I'm fairly certain startup employment of e.g. SEs is nowhere near general employment of same.