It’s not that VC is harmful for society. It’s that it’s harmful for the individual companies they invest in (with some exceptions). VC is in the business of sacrificing individual companies for the benefit of the average. It sucks to be the individual in this game.
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Before they write off such companies would they not try every avenue to squeeze growth? And how does that process transform the company’s culture. Seems like that’s where caution against VC comes from?
it is undeniable that many venture capitalists are gross losers. but being a gross loser is not a business model. founders fund doesn’t attempt to manage any of its portfolio companies, has never in history fired a founder, and is doing okay!
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What alters founders’ behavior isn’t the fact that you never fired them. It’s the prospect that you *can* fire them. They know what you expect, and they follow. Because they’re beholden to you.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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