[meta_ai_x]

lol is a coping mechanism for the poor. If you really think top VCs / investors haven't learnt the long-term importance of staying the course, then you know nothing about the industry and mostly being influenced by popular social media posts shitting on the investor class.

There is a reason Anthropic/OpenAI and many startups are given much much longer ropes to be profitable than in the 2000 era when VCs pulled the rug the first opportunity of trouble

[sealeck]

The thing that was most disillusioning for me here was SVB -- failure to apply basic principles of banking (i.e. they never really had a plan for central bank interest rates to change more than +-1%). Not just that the VC types running a bank weren't able to do so, but that such a large number of tech companies held all their cash on hand in a bank account (and didn't deposit anything in another bank, or a money-market fund/t-bills).

[shortrounddev2]

If VCs knew what they were doing, they'd have real jobs

[handfuloflight]

Allocating capital might be the "realest" job in capital...ism.

[meta_ai_x]

There are always shitty 20% operators in every industry. They won't make money and get weeded out.

Delusional to apply this to top operators (and at the same breath complain about Rich getting Richer)

[shortrounddev2]

I have yet to be pleasantly surprised by the alleged collective wisdom of Wallstreet. I would hope that you are right, and that our corporate masters are smarter than I give them credit for, but I'm not going to hold my breath