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lol is a coping mechanism for the poor. If you really think top VCs / investors haven't learnt the long-term importance of staying the course, then you know not
by meta_ai_x 1y ago
lol is a coping mechanism for the poor. If you really think top VCs / investors haven't learnt the long-term importance of staying the course, then you know nothing about the industry and mostly being influenced by popular social media posts shitting on the investor class.
There is a reason Anthropic/OpenAI and many startups are given much much longer ropes to be profitable than in the 2000 era when VCs pulled the rug the first opportunity of trouble
- shortrounddev2 1y agoIf VCs knew what they were doing, they'd have real jobs
- meta_ai_x 1y agoThere are always shitty 20% operators in every industry. They won't make money and get weeded out. Delusional to apply this to top operators (and at the same breath complain about Rich getting Richer)
- shortrounddev2 1y agoI have yet to be pleasantly surprised by the alleged collective wisdom of Wallstreet. I would hope that you are right, and that our corporate masters are smarter than I give them credit for, but I'm not going to hold my breath
- handfuloflight 1y agoAllocating capital might be the "realest" job in capital...ism.
- sealeck 1y agoThe thing that was most disillusioning for me here was SVB -- failure to apply basic principles of banking (i.e. they never really had a plan for central bank interest rates to change more than +-1%). Not just that the VC types running a bank weren't able to do so, but that such a large number of tech companies held all their cash on hand in a bank account (and didn't deposit anything in another bank, or a money-market fund/t-bills).