Comment by CPLX
2 years ago
I've never understood the cult around tech VCs, the ratio of self-regard to actual value delivered to the world (or even their own firms) has always seemed staggeringly out of scale with reality. And that's even true in a world that seems to have no shortage of unearned self-regard.
I guess if you play the game you can get your hands on a lottery ticket with pretty good odds. But seriously fuck these people and their egos.
I'm pretty sure if you build really solid tech or a growing company they'll come chase you, so I am really hard pressed to figure out why people should pay all that much attention to who they are and what they think at all.
In terms of prestige finance, I suppose they probably deliver more value than private equity.
In terms of everything else...
VCs are just a different target market. Similarly, you can build a business with grant awarding bodies as your customers. The problem with both is that generally you have to pivot to selling to customers who actually want the product you've been pitching.