4 ms·
There's nothing special about a VC. It's just someone with money to allocate. Go ask them to give you a big chunk of the company for $25k if you think this is j
by renewiltord 2y ago
There's nothing special about a VC. It's just someone with money to allocate. Go ask them to give you a big chunk of the company for $25k if you think this is just a few steps from being a blow-up success. Being able to differentially detect when a company is successful is a pretty good skill. If you think you've found a diamond in the rough, you should go in.
- benreesman 2y agoThis absurd hagiography about efficient markets allocating capital will be viewed by future historians like some kind of flat earth theory. Eugene Fama himself is walking back the idea and he won a Nobel Prize for asserting it. Markets are what people do when they’re not having sex. No sense in fighting markets. Cartels and market failures are what happens when the holders of capital aren’t terrified of Lina Khan or Maximilian Robespierre for longer than 12 seconds. The Battery Club is for kingmakers who decide things together for their mutual benefit behind closed doors. They learned their lesson after Don’t Poach Gate: it’s not in writing anymore.