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by rchaud 1067 days ago
Over the past decade, a lot of these haven't been "hits" at all, except for an IPO bump. WeWork, Uber, Doordash....these have taken in investments on par with some nations' GDP, and are massively unprofitable.

VCs may need to swing for the fences but they're engendering market failure by concentrating so much capital and media hype into these boring sectors.