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The problem right now is that it seems to be a "feeder school" for traditional investment, and it won't be able to replace VC outright. Why is this a problem?

by Harj 14y ago

The problem right now is that it seems to be a "feeder school" for traditional investment, and it won't be able to replace VC outright. Why is this a problem? The intention was never to replace VC outright, YC and VC both play different and important roles.

nodemaker 14y ago
"The current VC-funded startup scene, which I’ve affectionately started calling “VC-istan”, is– not to be soft with it– a total waste of time for most of the people involved" "the VC’s stake gives them control. It gives them board seats, influence over senior management, and the opportunity to hand out a few executive positions to their children or to people whom they owe favors" http://michaelochurch.wordpress.com/2012/07/08/dont-waste-your-time-in-crappy-startup-jobs/ http://michaelochurch.wordpress.com/2012/07/08/dont-waste-yo...