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VC wants to see zombie startups shut down
- rokhayakebe 17y agoI want to shut zombite VCs and redistribute the money to YC like incubators in different industries.
- JacobAldridge 17y agoAh, the sunk cost fallacy meets the dot-com bubble - decisions to invest more (both in money and, more often if I read this correctly, in time and expertise) are being made based on previous investment, not future return. As such, these living-dead companies are preventing the release of cash and expertise into other businesses. I would add to this VC concern that many (of course, not all) of those businesses are probably also preventing the release of founder expertise and energy into better projects.
- sachinag 17y agoHe wants to see other VCs wind down their living dead companies because it's bad for the asset class? Sell your stake to the founders for a dollar. You still write off the whole damn thing, and the founders get to continue on if they want to.
- IsaacSchlueter 17y agoFirst thought when I saw the title here on HN: Great, as if "rockstar" and "ninja" weren't bad enough, now we're doing moving on to "zombies"? Whats next, vampires? http://jsvampire.com/ http://jsvampire.com/
- anonjon 17y agoI thought that the whole point of venture capitol was that it is a Faustian bargain. You sell your soul for some short term money and thrills, the VC gets to come in and shut you down right as you are really about to make it big. C'mon VCs, crush some dreams and make the world the uncaring place that my preconceptions demand it be.