What's equally disgusting is that all of these VCs are upset that the more sophisticated, harder working, more data-driven investors, who used to only be on wall street, are now moving to the earlier and earlier stages, taking away the easy money that the top VCs have enjoyed for so many years.
No more VCs sitting on the beach while collecting fat checks from their carry percentage and toying with companies, sometimes even hurting companies for their own personal enjoyment, at the expense of the LPs.
VC is changing fast, and today's VCs are very upset about it.
No more VCs sitting on the beach while collecting fat checks from their carry percentage and toying with companies, sometimes even hurting companies for their own personal enjoyment, at the expense of the LPs.
VC is changing fast, and today's VCs are very upset about it.