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You are blinded by the press, seeing the big valuations and the boardrooms in bed with government and think it's all like that. In reality startups and VCs are
by JumpinJack_Cash 2y ago
You are blinded by the press, seeing the big valuations and the boardrooms in bed with government and think it's all like that.
In reality startups and VCs are just fancy words for small businesses and banking.
The vast majority of man hours spent in the category of VCs and startups are just that: mundane small business and banking.
- jakeinspace 2y agoYou can say that about Wall Street too, or even the oil industry. Lots of smaller players doing smaller mundane things. Logically I know that there are plenty of smaller players doing more neutral or just mundane capitalist things, without world domination plans, but the ethos of the industry has a lot of poison at the top. If this naked power grab doesn't totally backfire (which I hope it does), I'm worried for the path of the entire SV tech industry.