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by gigantor
1394 days ago
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This is likely an unpopular opinion, but Venture Capital needs to disappear and be replaced with a far better model. While VC served its purpose well back in the heydays of FAANG and modern groundbreaking companies, in today's area it has become nothing more than a legal ponzi scheme designed to have series D and IPO stock purchasers holding the bag after artificially growing companies to unsustainable rates. Companies that grow slower and have a chance to become more sustainable will benefit even the most capitalist of societies, instead of hundreds of billions dumped into ongoing pump and dump cycles, which (as the article) inevitably leads to a crash. |
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