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> In some cases, we were making a conscious act of generosity to another, younger venture firm, down on their luck Is this serious or sarcasm?
by aitchnyu 2y ago
> In some cases, we were making a conscious act of generosity to another, younger venture firm, down on their luck
Is this serious or sarcasm?
- JumpCrisscross 2y agoThe next sentence is “in other cases, our partners had already run out of spaces on the year’s Schedule D and feared that another entry would require them to attach a separate sheet.”
- michaelt 2y agoInvestors are in the business of buying things that don't yet exist. Sure, they might do spreadsheet analysis and business planning to show the first person to invent a working, practical <foo> will make billions. But is this the company that will invent that? That is an inherently vibe-heavy judgement. I can well believe they remember considering a load of things, including the competition from their buddy's new venture firm. And they don't know themselves quite how they weighted the many things that contributed to the vibes, but they know saying 'generosity' sounds better than saying 'I didn't like the guy's glasses'