[kimbler]

These VC’s are already lining up the exit as they are investing. They all sit on the boards of major corps and grease the acquisitions all the way through. The hit rate of the top funds is all about connections and enablement.

[zellyn]

I think it's a fascinating question whether the VCs that are still somehow pushing Blockchain stuff hard really think it's a good idea, or just need the regulatory framework and perception to be right so they can make a profitable exit and dump the stock into teacher's pension funds and 401ks…

[aduffy]

This, 100%

[paulryanrogers]

So it's all just fleecing money from mega corps? (Cue the "Always has been" meme?)

[doe_eyes]

No, sometimes it's about an IPO. In which case, if we're being cynical, the exit is funded by your 401k.

But yeah, VCs generally aren't about building profitable companies, because there's more profit to be made - and sooner - if you bootstrap and sell.

[robocat]

Are you suggesting VCs "bootstrap" to IPO? Can you help me understand if bootstrsp is commonly used in the sense you are using?

[hello_moto]

Those mega-corps become big thanks to the same network of VCs.

People should have realized it by now that Silicon Valley exist because of this.

[mrguyorama]

Business, funding, and wealth in the US is downright incestuous.

I'm so tired of people who stubbornly insist that somehow only the same 500 people are possibly capable of having valuable thoughts in any way.