Comment by throwup238
14 hours ago
Everything that's wrong with venture capitalism condensed into a single fifteen word sentence. Bravo.
If you can't provide a billion dollars worth of value, extract a billion dollars worth of grift!
I hear A16Z is hiring.
How is being outcompeted “grift”? I feel like I’m missing some context here.
Why do you start a startup? Is it to build an idea you believe in and believe it is potentially lucrative or is it so you can go through the motions, say the trendy things, and get outcompeted because in the end you are primarily focused on getting acquired with a 1B exit?
Spoken like someone who has never started a business. Brex raised much less than $5b and Capital One apparently thinks it is worth more than that (otherwise they wouldn’t buy it).
This is called value creation.
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