That said, yes, we must also fund the alternatives that are for the common good from the commons. (https://ar.al/notes/encouraging-individual-sovereignty-and-a-healthy-commons …)https://twitter.com/aral/status/879721789479419905 …
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since "bootstrapping" lost its sarcasm, here's a comparable new quip: That poor mom doesn't need assistance, she can drink her own milk!
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"bootstrapping" comes from pull-yourself-up-by-own-bootstraps and was meant to *mock* the capitalist mythology
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You can be self-funded (and VC-funding is fundamentally corrupt), but pulling-yourself-up-by-your-own-bootstraps is impossible
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If don’t want to exponentially scale and mortgage your company hiring to do so bec otherwise VC’s fund unicorn hunt fails... you don’t exist
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Mortgaging your company being mass hiring to scale fast, diluting the equity of the founding team, have questionable vesting terms for staff
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option pool and mostly... give away board room voting control so director can outvote you, block $250-400m exits and replace founding CEO.
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That is
#svvcthinkinglogic. Some call themselves ‘angels’ but in reality they ‘re the nouveau 1% and absolutely greedy dragon investors. -
End of the day many SV VCs envy Peter Thiel, even if they may not express such publicly. Mostly bec of Thiel’s notorious ‘monopoly’ quote.
End of conversation
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