Re:Uber Lays Off 400
by vmurthy on Tuesday July 30, 2019 @02:14AM
(#20562469)
> I fear venture capital (and Silicon Valley) is much more about value extraction than value creation these days.
If you think about it, most of the venture capital goes in financing duds. That's an unfortunate truth about entrepreneurship. So a VC is more or less forced to extract as much value as possible from the successful ones. Not saying it is right or wrong but stating the way things are working.
If you think about it, most of the venture capital goes in financing duds. That's an unfortunate truth about entrepreneurship. So a VC is more or less forced to extract as much value as possible from the successful ones. Not saying it is right or wrong but stating the way things are working.