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I really disagree with your views on venture funding... but this Korean movie reference was funny.
by friendstock 14y ago
I really disagree with your views on venture funding... but this Korean movie reference was funny.
- michaelochurch 14y agoI don't think all or most VCs are assholes. Far from it. I think most of them are probably good people. The bad ones get a lot of press, but I think they have the same distribution as people in finance: a few jerks who get a lot of attention, while the majority, by far, are decent, ethical, and competent professionals. I just think the sociology of the VC ecosystem is broken. I think there's a lot more social climbing and fluff than real technology and real work coming out of it, not because VCs are bad people (they aren't) but because the society has gotten to an undesirable state. I don't have any direct negative experiences with VC, but I've seen some shitty human beings get funding, and then go on to do some awful stuff in their startups. And the ethical problems in VC-istan may not be directly caused by VCs, but the VCs are the actual bosses and they should be clamping down.
- friendstock 14y agoThanks for your response. Regarding your comments on how VC's only fund "bad" entrepreneurs with inside connections... I've personally seen unknown entrepreneurs with good traction/product/vision/team get a fair hearing from VCs and actually raise a decent funding round. It's lazy and ineffective on the part of VCs if they don't find the best deals whomever they may be.