"Even beyond the way they rope musicians into highly unfavorable contracts, they often don't even fulfill the contracts."
VC firms do the same thing. So why are they so respected on HN?
VC firms do the same thing. So why are they so respected on HN?
So we read up on business news and learn how the VCs think so that one day a few of us will get "signed" and hopefully make it big. We all know it can be a kind of predatory relationship but at the same time entrepreneurs are all about taking that one big risk that pays off in the end. So startups, like bands, try to get VC backing in the hope that they won't become yet another company that was chewed up and spit by the VCs and instead becomes the next Google/Facebook/CoolestCompanyEverCo.
So are they really respected? Kinda. Depends who you are. Much of that perceived respect is akin to research so we can get in bed with them. Kind of like books on how to easily bed women except we read it right from the horse's mouth.
The people who can fill in that blank will be very rich someday.