3 ms·

this is compounded by young, newly rich tech workers (no kids, no mortgage, maybe not even a car) experimenting with being a VC because they've recently reached

by rib3ye 6mo ago

this is compounded by young, newly rich tech workers (no kids, no mortgage, maybe not even a car) experimenting with being a VC because they've recently reached accredited investor status. and it's not just ZIRP. every recent IPO or liquidity event creates literally 500 more of these guys.

LargeWu 6mo ago
They say Silicon Valley was more of a documentary than a comedy, and now we have one more way life imitates art: A growing army of Erlich Bachmann's.
- jasonmp85 6mo ago
  [dead]
- arealaccount 6mo ago
  Jian-Yang's
  - Esophagus4 6mo ago
    Big Heads
adamkf 6mo ago
> maybe not even a car Hold up — one can be mature without any of those things, but cars are especially optional.
- rib3ye 6mo ago
  maturity has nothing to do with it. these are recurring expense liabilities with very very distant return horizon.
- a1o 6mo ago
  Depending on which city you live, my feeling is owning a car is a lot less optional once you have kids, at least in their earlier years.
necubi 6mo ago
Those would be angels, not VCs. VCs manage outside money.
- rib3ye 6mo ago
  That's a really good distinction. I realize this is a little snide, but I imagine when they look in the mirror they still see themselves as Marc Andreessen.
  - deleted 6mo ago
    [deleted]