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There are so many VC's and so much money today the demand for "Founders" is high. One way to increase supply is to manufacture what you need - much like Korean
by strangattractor 1mo ago
There are so many VC's and so much money today the demand for "Founders" is high. One way to increase supply is to manufacture what you need - much like Korean K-Pop bands. Band members start in a Bootcamp. They learn to dance and get a vocal coach. As their fan base grows they start to disrupt and displace older bands that are aging out. The industry as a whole does well but individual band may or may not. Do they produce new and innovative music? - meh. Let's face it - a "Founder" with the right fan base can get valuations over a trillion:)
- jeffreyrogers 1mo agoI do think it is kind of funny when VCs talk about how they can tell who will be a successful founder. They are picking the people who get to call themselves founders so it is close to tautological that who they think will be successful matches who ends up succeeding. You don't get to see the counterfactual world where the non-funded people get given money and then you see what personality distribution the successes from that group have. The problem probably is worse now since there are fewer IPOs and more companies exit in private transactions where it's not clear how much economic value was actually created vs how much is just what the investors agree the business is worth.
- deleted 1mo ago[deleted]
- strangattractor 1mo agoWhen I originally started in this business it was truly exciting. VC's where the only place to go to fund truly unique companies and products that were highly risky. Disruption was often a byproduct not a goal. The goal now - collect as big a war chest as you can - disrupt something that already exist and may even be working well - own it all because you have the biggest war chest and can.