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I don't have any reason to like or dislike VCs on personal experience. The ones I've met randomly (e.g. running in Central Park) seem to be nice enough, and I'm
by michaelochurch 14y ago
I don't have any reason to like or dislike VCs on personal experience. The ones I've met randomly (e.g. running in Central Park) seem to be nice enough, and I'm sure that a lot of them are good. But VC-istan is full of deeply unethical people (those I have met, unfortunately) who don't deserve to be funded and I can't believe that the VCs aren't aware of what these people are doing. VCs need to stop funding unethical people, who get money just because they're well-connected, outright. Plus there are horrors like multiple liquidation preferences, which exist to reassert the social superiority of the VCs and leave me feeling it wouldn't be so bad if VC-Istan disappeared. Technology doesn't need it.