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by itsoktocry 847 days ago
The angel investing landscape is filled with ZIRP morons, both founders and investors. You attend these things (I do, less now) and the conversation revolves around raising money, exits, and nothing else. Hardly any talk about building a business or the actual products. Raising money to exit is a game in itself for these people.

Check out VCs Congratulating Themselves twitter feed.

2 comments

I feel like that’s tech in a nutshell now too.

Only now am I starting to see smaller web companies be product focused instead of funding focused.

Probably bc ZIRP ended.

Yep, it feels tough at the moment, but what's happening right now is actually a healthy retrenchment.
some people might call this "money-first" companies.. financialization of company startups normalized a lot of historically-impossible means of operation IMHO