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Welcome to capitalism. Of course there is an asymmetry between individual founders and one of the, if not the most famous VC firm on the planet. It's an individ
by aswegs8 2y ago
Welcome to capitalism. Of course there is an asymmetry between individual founders and one of the, if not the most famous VC firm on the planet. It's an individual decision to determine whether YC is worthwhile. If it wouldn't be, it wouldn't work.
- AbstractH24 2y agoIs it still? Or was that true 10 years ago. Not sure if I’ve changed or the landscape has.
- rchaud 2y agoSilicon Valley is not capitalism, it's financier-ism. It isn't about finding a gap in the market and providing a profitable service, but bandwagoning behind the latest trends so as to chase "scalability" and later using financial/political muscle to weaken regulations so as to better "disrupt" the market. Profits? That's a problem for whoever they manage to dump their shares on.
- saulpw 2y agoWhat do you think capitalism is, if not that? "Those with capital use their money to make the rules so they make more money." Many people think capitalism is simply a market economy. It's not. You can have a market economy without "capital" (investors) having special privileges that make all the money flow to them.
- immibis 2y agoThat's capitalism.