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I passionately hate VC profession and wish this profession would just die. VC backed companies, with rare exceptions, end up being a net negative for the world.
by __lbracket__ 3y ago
I passionately hate VC profession and wish this profession would just die. VC backed companies, with rare exceptions, end up being a net negative for the world. After the initial few years of hype, the level of their products, customer service, environmental impact, treatment of workers etc all decline. Failure after failure, the Patagonia-wearing VCs sit there with intelligent frowns or knowledgeable smiles evaluating something they know nothing about most of the time, producing results that are no better than a coin toss.
- thecleaner 3y agoyet these companies are why software developer salaries are high. If this goes your way, its the engineers who will be affected. the patagonia guys will just move to consulting and make partner etc. Which btw is another bullshit profession which doesn't make anything other than ppts.
- __lbracket__ 3y agoWhich brings up an age old conundrum: How is market rewarding the pencil pushers and punishing value creators