this post was submitted on 01 May 2024
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VCs will just follow the hype of the day and invest in anything that spouts the right buzzwords. But they're aware of course, that most of those will fail. It takes just one out of ten to make it for it to be worthwhile.
If they weeded out some of the shittier ideas they'd be one in nine or eight.
I've met them they seriously don't think like that. They have so much money that they can afford to be completely irresponsible with it. From that standpoint it is easier to just throw money at the wall and see what sticks and go through the effort of actually working it out.