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It's an interesting exercise to ask what the thesis of this article is. It's not that all founders who take VC are idiots. He's not saying that Larry & Sergey
by pg 18y ago
It's an interesting exercise to ask what the thesis of this article is. It's not that all founders who take VC are idiots. He's not saying that Larry & Sergey are idiots-- and implicitly that he's smarter than them. He hedges pretty conspicuously there. All he's saying is that some VCs are bad. But that is hardly news. Every line of work has some people who are bad.
Imagine the corresponding article about roofers. It would be called "Idiot Homeowners," and say, as if it were some great discovery, that some roofers are bad-- that they overcharge you, and then do bad work as well.
- thras 18y ago"Founded in 1998, The Venture Company is a catalyst for disruptive innovation; helping entrepreneurs, corporations and investors innovate." I noticed a similar article yesterday. I'm skeptical that Hacker News will weather the upcoming storm once all of the professional-entrepreneur-advisers decide to start drumming up clients here.
- pg 18y agoIt's nothing new. In fact it used to be worse. Remember, HN started out as Startup News.