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It’s a scam targeting VC investors, not the public. Instead of pitching a practical and attainable product, one has to aim for the moon in order to get the VC
by BobbyTables2 3y ago
It’s a scam targeting VC investors, not the public.
Instead of pitching a practical and attainable product, one has to aim for the moon in order to get the VC $$$$. The wilder, the better.
Call me crazy, but as a society we’ve decided that “possible” is too boring.
While many VC funded companies only want to get bought out (instead of actually being a freestanding successful company), I strongly feel there are a sizable subsection of “founders” that don’t even want to get bought out…
They only just want to play the game and collect high salaries along the way…
Sadly, they aren’t even to blame. Too many Fortune-50 executives just try not to embarrass themselves long enough to collect insane levels of compensation.
Is a wonder that VC founders do the same?
Too many startups are really just “playing house” — really flashy website, monochrome headshots of executive team, multiple officies, plethora of partner logos… Only missing substance and a real product.
- ryandrake 3y agoMy only career regret is that I went for "technical chops" rather than charisma and "storytelling chops". Over and over we see founders hauling in millions from [evidently] gullible VCs who hear a story and Want To Believe.
- kmeisthax 3y agoSee also https://youtu.be/PDjleq0PJX0?t=2645 https://youtu.be/PDjleq0PJX0?t=2645