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by financedfuture 3786 days ago
This isn't surprising. I'm gonna generalize:

Without VC money, startups are led by "culture" (i.e. collective personality and desires of each member of the team). It has amazing results in the long-term.

With VC money, startups replace their culture (seen as irrelevant) by short-term expectations. Pressure , competition and hierarchy are built. Good for short/medium-term valuation. Terrible for long-term commitment.