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VCs have no idea what to do with their money, on the other hand potential founders gravitate towards dev tools because it's a space they know well. It's not nec
by jstx1 3y ago
VCs have no idea what to do with their money, on the other hand potential founders gravitate towards dev tools because it's a space they know well. It's not necessarily that they're seeing value (not saying that there isn't value there either).
Think of it as
[startups skewing towards dev tools] >> [clueless VC] >> [many dev tools startups get funded]
This actually works even if they aren't clueless - they can only respond to the opportunities presented to them and that input sample will be biased.