Few industries in finance are harder to break into than VC. They’re mostly incredibly smart, but it doesn’t come off that way because they’re focused on near-term financial returns moreso than developing a usable product. They’re eyeing an exit, so they just need to inflate financials to get maximum return
Do you think those VC vultures are looking at those numbers in a vacuum? I highly doubt it.
I think VCs are idiots… so yes.
Few industries in finance are harder to break into than VC. They’re mostly incredibly smart, but it doesn’t come off that way because they’re focused on near-term financial returns moreso than developing a usable product. They’re eyeing an exit, so they just need to inflate financials to get maximum return