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What even is the the point of VC vetting if companies like this make it through?
by LarsAlereon 2y ago
What even is the the point of VC vetting if companies like this make it through?
- bediger4000 2y agoMaking even more money?
- walrus01 2y ago'chart goes up and to the right' seems to excuse a great many lapses in morality in the modern era.
- ori_b 2y agoWhat do you think VCs are vetting for? (Hint, it's potential for profit, not ethics.)
- prododev 2y agoWhat do you think the purpose of VC vetting is? It's right there in the name: Capital. You know the thing they optimize for is capital, right?
- 7e 2y agoYC doesn’t vet. It’s a sweatshop for startups. They need volume. For this reason, YC cohorts have always been full of wankers. Er, “wantrepreneurs”.
- brendoelfrendo 2y agoHa! The sweatshop for startups has finally produced a startup that wants to help sweatshops grind their workers into dust. The circle is finally complete!
- disqard 2y agoMore of a "fractal", if you ask me, but there's definitely a similar pattern here: Wanting to maximize profits by squeezing work out of less-fortunate people, efficiently, and at scale.
- yencabulator 2y agoThe circle will complete when the co-op spaces install this new system so startup founders can watch their employees. And then the circle will make another loop and VCs can watch the startup founders.