calvadev on Nostr: The VC model only works because there's been easy money for so long. Slow, steady ...

The VC model only works because there's been easy money for so long. Slow, steady growth leads to longer-lasting businesses; most Silicon Valley successes are solely attributed to getting bailed out at the right time by an injection of capital, either by dumping on the public or positioning themselves as close to the money printer as possible.

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nevent1q…7w2e

The whole idea that it's a good thing for someone to get millions of dollars just dropped on their heads, when they have barely even started, is California Capitalism.

I think it leads to feverish boom/bust cycles, rather than more steady, organic growth.

And there's no evidence that the end result is better. Maybe being built a bit slower, by people with a small budget might actually have a positive effect on the product development. 🤔