2 ms·
> I'm worried that in offering term sheets after a single 60 minute meeting, and in pricing early stage deals like they were already late-stage successes and mo
by jpdoctor 15y ago
> I'm worried that in offering term sheets after a single 60 minute meeting, and in pricing early stage deals like they were already late-stage successes and most egregiously by constantly running around self promoting and self aggrandizing, VCs are falling prey to a cult of personality about themselves and forgetting that their jobs are to help companies be successful.
He's worried about this now?! 10-year returns are negative (and that includes funds lucky enough to have google!)
It's been that way at least since the 90s internet bubble.