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VCs don’t exist to destroy parts of the economy. There was value in the market. VCs destroyed it through dumping. And for all we know they’ll give up in a year
by MBCook 2y ago
VCs don’t exist to destroy parts of the economy.
There was value in the market. VCs destroyed it through dumping. And for all we know they’ll give up in a year and we’ll have nothing. No jobs and no existing solution.
- herval 2y agoOpenAI alone employs thousands of engineers _more_ than Chegg, and does a better job than it. Destroying old stuff is part of creating something new. "The economy" wasn't destroyed by a legacy company folding.