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Wait so are you doing the journalistic action? I can't wait for this to drop. Please give me more details if possible. Massive respects to your journalism, I h
by Imustaskforhelp 10mo ago
Wait so are you doing the journalistic action? I can't wait for this to drop. Please give me more details if possible.
Massive respects to your journalism, I have a lot of questions regarding this tho, namely how long did it take you to build this expose and where are you gonna drop it because I searched net for Founderstowne but I didn't find anything special, are they the VC fund you are gonna expose?
- MarkusAllen 10mo agoCan I post a direct link here... don't want to be accused of spam? I expose just about everyone as a "roman a clef" (a work of "fiction":>). I'm 58 years old. Entrepreneurial builder. Disgusted by VC/PE. Been writing this book since 1987.
- CamelCaseName 10mo agoSure, why not, share your work! Also, the two links in your profile do not work
- MarkusAllen 10mo agoJust updated. Thanks for the heads up.
- MarkusAllen 10mo agoThe direct link is: https://www.Founderstowne.com https://www.Founderstowne.com
- defrost 10mo agoIt's not a peak HN submit time, that said: https://news.ycombinator.com/item?id=46572285 https://news.ycombinator.com/item?id=46572285
- MarkusAllen 10mo agoI see an empty post.
- defrost 10mo agoIt's been submitted and will remain empty of comments until a HN user comments. I see a post with 13 points (upvotes / positive reactions) and [flagged] (meaning the title alone upset a few people given there's been no time to read the content yet). As with all HN submissions, YMMV - Your Mileage May Vary
- FloorEgg 10mo agoAfter my first startup failed (didn't get PM fit) I got a bit obsessed with how to do good market research for innovation. Discovery interviews, JTBD, etc. During my journey I took a beat and pointed my new skills at VCs. I interviewed a few dozen VCs trying to understand what they were trying to get done and what mattered to them, but with a bit of a bias trying to gauge whether they wanted to better predict market demand of their portfolio or prospective investments' products. What I learned shocked me a bit. The sense I got was that they didn't really care about market demand or building a strong business, they mostly cared if the founder could sell the company up to food chain (series a, b, c etc). Roughly speaking: "I don't care what value my portfolio companies create, I care about marking up my book so I can increase my take". I don't know how much this had to do with ZIRP, but it really soured me to the VC industry. I've been committed to bootstrapping my companies ever since.