Thursday 6 January 2022
Let me start off with something that might sound a bit cynical: Venture Capital firms are in the business of making money for their clients and they don’t give a hoot about your startup’s idea, narrative, or cause – those are just packaging. The only thing early-stage investors care about is whether you will grow quickly enough to be attractive for another round of funding and increase the value of their initial investment. Much like Ponzi schemes, the gains of previous investors are paid for by the new entrants, who are wooed by friends, promises, half-truths, and strategically crafted narratives.…
This story continues at The Next Web
