Even VCs are saying VC sucks now lol

Tim O’Reilly makes a persuasive case for why venture capital is starting to do more harm than good – TechCrunch

It's part of structural inequality in our society, where we're building businesses that are optimized for their financial return rather than their return to society.

techcrunch.com

Chris McCormick

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San Francisco

on June 28, 2020

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The good news about venture capital in 2020 is that anyone can start a fund, syndicate, scout, advisor, or angel investing group at any time--and they are!

When I get into the game in the 90s there was not path to becoming a VC other than having a frat brother at a VC firm or having gone to HBS or Stanford.

I was a nobody in the industry and started my own event called "Open Angel Forum" and then got the gig as a Sequoia Scout. Now ever venture firm seems to have a scout program.

jasoncalacanis

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4 years ago
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  That's interesting. I didn't realize even VCs were being disrupted by this democratization-of-everything that is going on. Thanks for sharing!
  
  chr15m
  
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  4 years ago
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Indie bootstrapping is the thing this decade. Out with the big funded companies.

yaroslawbagriy

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4 years ago
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LOL! aren't that they become more interested in the bootstrapped company though?

dwicao

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4 years ago
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Watering hole too crowded, now seeking puddles.

rab

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4 years ago
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