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So your position is that a VC will invest $2B in a startup on vibes alone without having any idea what they're building, because it is not literally their money
by pdabbadabba 1y ago
So your position is that a VC will invest $2B in a startup on vibes alone without having any idea what they're building, because it is not literally their money? That seems like a significantly stronger and less plausible claim than mine, which his merely that a prospective $2B investor has access to more information about the company's plans than we do and that their investment is at least some indication that there is a real product in the pipeline.
- riku_iki 1y ago> that a prospective $2B investor has access to more information about the company's plans than we do and that their investment is at least some indication that there is a real product in the pipeline. there is a funnel of investors: say retirement account holders put money into some retirement fund, fund manager put money into some "innovation fund", "innovation fund" put money in VC fund. All middlemen get % cut, VC likely watch slides about some product roadmap, but they more interested in closing the deal, get % cut and move on.
- pdabbadabba 1y agoAnd if those $2B just go poof because they somehow failed to notice what is apparently so obvious to people on his thread -- that there is no real product -- your position is that the VC does not suffer any significant consequences?
- riku_iki 1y ago> your position is that the VC does not suffer any significant consequences? it is likely they won't suffer any significant consequences