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> that's not a VC-scale business

It's depressing that "VC-scale" (i.e. convincing some rich dude he can flip his investment soon for a 1000% return, possibly by unloading shares on unsuspecting rubes) is what matters. What ever happened to making something people want, then selling it at a profit?

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Nothing, but you get a bank loan for that, or bootstrap. VC money comes with strings, including the expectation of high growth.

I agree very much with your sentiment, but I think the solution isn't changing VC, it's finding other kinds of capital.

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