4 ms·
You often refer to something called "VC-istan". That name implies that the VCs have some sort of scam going on where founders/employees are the victims. Am I
by johnrob 13y ago
You often refer to something called "VC-istan". That name implies that the VCs have some sort of scam going on where founders/employees are the victims. Am I correct?
- colkassad 13y agoI've always understood that term as a play on Turkmenistan, Uzbekistan, etc...i.e. implying a distasteful regime.
- michaelochurch 13y agoVC-istan is the hypothesis that the VCs and the companies they support function more like a postmodern corporate entity than a fleet of competing investors and companies. The name itself doesn't imply anything negative. "-stan" just means country. I could just as easily have called it "VC-land" but that sounds light. Of course, my view of the existing VC-istan is negative-- and the culture of co-funding and note-sharing is both unethical and illegal-- but there could be a good VC-istan.