Comment by grogers
18 hours ago
VCs won't be expert level in every area, but they are in a unique position to have a deep knowledge about a lot of different things. It's necessary to be able to invest effectively.
18 hours ago
VCs won't be expert level in every area, but they are in a unique position to have a deep knowledge about a lot of different things. It's necessary to be able to invest effectively.
Even if they were, they have absolutely no incentive to tell you their expert analysis. A16Z spent the cryptocurrency mania years pumping and dumping shitcoins. They weren't telling the world these scams were revolutionary because they had any inherent value, but because saying that made them the most money. They are just people with money trying to turn it into more money.
Most VCs I know are just people with too much money throwing it at anything and everything they can hoping to get that 1 unicorn that multiplies their investment by 100.
I'm sure there's plenty of very intelligent ones, but there's also plenty of morons who started life off with an advantage and have managed to keep it up
They really aren’t. And I know a lot of them personally.