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Yes. This approach kneecaps any startups/small businesses that try to run profitably from day 1 (i.e. without taking tons of VC money). The net effect is that V
by AlexandrB 3y ago
Yes. This approach kneecaps any startups/small businesses that try to run profitably from day 1 (i.e. without taking tons of VC money). The net effect is that VC firms get to pick winners before the market ever gets involved.
Hopefully there will be more pushback on this practice now that Bork's ideas[1] about antitrust are falling out of favour.
[1] https://en.wikipedia.org/wiki/Robert_Bork#Academic_career https://en.wikipedia.org/wiki/Robert_Bork#Academic_career