Comment by embedding-shape
14 hours ago
Investors are finicky creatures, if you've been relying on VC-funding since before, it's hard to stop until you are really successful, and if everyone starts to only look at shiny AI stuff and you still need investors, you end up with not much choice.
I wish there was less of it, we'd have better software then, but :/
Would we? You can look at places with less funding and see how many software companies get off the ground.
> You can look at places with less funding
Yeah, like FOSS which is drastically underfunded since birth, yet continues to put out software that the entire world ends up relying on, instead of relying on whatever VC-pumped companies are putting out.
I'm not talking "better software" as in "made a lot of money", I meant "better" as in "had a better impact on the world".
FOSS software is written by people working at companies that likely owe their existence to VC.
8 replies →
I sometimes wonder if the VC ecosystem creates its own confirmation bias by making it easy to see and aggregate companies it incubates. Whenever I look for jobs, I'm always surprised to find companies that have taken no VC funding and don't try particularly hard to market to the industry as a whole, preferring instead to stay relatively under the radar.
They tend to have more grounded financials (read: paths to profitability) and while the pay packages aren't quite aligned with the top end of the market, they also tend to manage headcount more responsibly than FAANG. I work with a fairly niche stack and I'm constantly finding new companies that I've never heard of and don't raise VC rounds.
Long way of saying that just because they're not easy to find doesn't mean they don't exist.
What but? If this is the "best" that VC can do with the money, the US government should simply tax it away from them. Absolutely worse way to allocate resources and develop a robust forward looking tech industry, you're just chasing the shiny while fucking over the commons.
Maybe my point wasn't clear, I agree with you. It's a bad way of allocating resources, and we'd had better software had we been without it.