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Honestly? I don't buy it. The VCs are the ones that have been pouring cash into these companies so they can blow it on obscenely expensive parties and offices.
by j_baker 12y ago
Honestly? I don't buy it. The VCs are the ones that have been pouring cash into these companies so they can blow it on obscenely expensive parties and offices. I think they're just trying to deflect criticism away from themselves and onto the startups.
I mean, there have also been plenty of startups in the past that have blown money and built a product that nobody will pay for. And VCs just pour more cash in.
- cblock811 12y ago> The VCs are the ones that have been pouring cash into these companies so they can blow it on obscenely expensive parties and offices. I think they're just trying to deflect criticism away from themselves and onto the startups. No VC will ever say they invested in a company "so they can blow it". They invest so the company can spend on marketing/distribution, product, etc. Not on just-for-fun items. I work in a startup and we keep ourselves in check. If we weren't managing our finances it would be our fault first. Mayyyybe blame the VC's indirectly for who they invested in.
- Fomite 12y ago> No VC will ever say they invested in a company "so they can blow it". They invest so the company can spend on marketing/distribution, product, etc. Not on just-for-fun items. They'll call it "Recruitment and Retention"