This is an (unintentionally) wonderful example both of how much "culture fit" still matters in Silicon Valley, and how the dynamic called investor storytime works. Company tries to create recurring revenue overnight so it can... unlock free investor money.https://veed.io/blog/rejected-from-yc/#update …
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I'm a big fan of capitalism, but it only works if there are enough participants in the market to channel resources to where they're broadly useful. In SV, the "market" is just a few hundred large egos with access to almost infinite investment funds. It optimizes for self-delusion
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I'm not kidding about the "culture fit" part, either. Two guys in their twenties who gave up their life savings to follow a crazy dream! Not a story you'll hear a lot at YCombinator.pic.twitter.com/yNi7D4mRGu
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