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Their fusion companies have an outside chance at it. The frustrating thing about this piece is that there's certainly a case to be made that VCs are funding so
by waterlesscloud 12y ago
Their fusion companies have an outside chance at it.
The frustrating thing about this piece is that there's certainly a case to be made that VCs are funding some innovative companies with wild potential to change the world.
This piece doesn't come close to making that case. Instead it's just kind of whiny.
- jacquesm 12y agoI should put some time in this and go over the roster of YC companies over the last years to pick out the ones that I thought were really moving the needle. I suspect that the kind of secondary investors that would put money into a YC backed and vetted company are the kind that are looking to exit in the near future, not the kind that intend to see their capital locked in for decades and that this is one of the reasons why media companies, IT companies and middle men tend to have a much better chance of success. Their models are much closer to what the investors are already used to and how they in turn made their money. Space ships to Mars and electric vehicles do not at all seem to be a good match for the YC model.