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by strayptr
3926 days ago
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It's sort of interesting that the inescapable conclusion is that VC funds power tech. What I mean is, if a business isn't sustainable, and the fact that they're sustainable doesn't matter, then it's thanks to the VC funds. If you want to affect the world through business, the type of business you'll start is a startup. Counter-intuitively, it may be true that sustainability doesn't necessarily matter for a startup. If so, then sustainability in business doesn't matter for affecting the world. That seems like dangerous thinking, and I've been trying to escape the conclusion. But since the home runs are how VCs make their returns, why is it a bad thing if 9 out of 10 startups eventually fail? And if it's not a bad thing, then why decry companies for being unsustainable, or the valley for funding them? |
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