Now see it from the VC's perspective, the game attracts all kinds of hustlers who'd lie to investors without a second thought as well. My friend and I were talking about what business culture is like in a certain area of the world, and he said: they oversell everything, so take everything they say and divide it by two, and start from there. So part of it is also a pre-emptive mechanism based on a history of such behaviors from others.
None of this make things "ok", but I'm just sharing an anecdote from the other side.
I think a lot of the problem is not necessarily what the VC's do when it comes to situations, but that they lie, to themselves, to others, or both, about what they will do and at a fundamental level who they are. There's a world of difference between telling someone you're their friend and will protect them and nothing will go wrong when you know there's a good chance it will, and telling (or being) a friend but being up front that your job means you will act a certain way in specific situations, and that may be against the interests of others.
This happens in business, and it happens in personal life. I respect people that are consistent and represent themselves accurately, even if I don't like them or agree with them. People that misrepresent themselves are relying on an information asymmetry that they're creating to give themselves an advantage. This clearly works in many instances, but it also a "burnt-bridges" strategy that only works because of the relative anonymity that modern society provides. In some ways, this could be solved by more information about these people and how they function (which is how the free market works, best with more and more accurate info), but that's hard to accomplish because of their relative power.
In other words, everyone should be looking in the mirror.
> You blame everyone but yourself for becoming "soulless". Your very use of this word reveals a great lack of soul. You misuse it to describe working like a machine, an automaton. The nurse who is working like a machine to save lives at great risk to her own has the most wonderful, beautiful soul. What makes you soulless is that you're only thinking about yourself and "new products" (ways to make money) without any hint of a conscience troubled by the decisions made and actions taken in pursuit of those profits, and what that says about who you are. Or maybe the depression was a conscience trying hard to speak out, but it got snuffed by drugs rather than getting heard.
From https://gist.github.com/mGBUfLn9/7cadffcf7c3c23b7376350165a6...
Why would you be at all surprised that VCs lie?
And of course, it's not like you have to get VC involved in order to run a successful business. You can self-bootstrap, which lets you focus 110% on efficiency and doing more with less. No BS involved.
> Think about all the food stands that you have walked past in your life, within each stand is an immigrant family who slave away for decades hoping for a better life. Have you ever thought about them and gave them time/money for their suffering?
I know what you mean and know what you're getting at. But I feel compelled to point out this particular example isn't quite the same. I never sought the immigrant family out, then told them that my motivation is to support amazing cooks rooted in authentic traditions. I just bought the food.
VCs will lie, literally. They explicitly say they will act in a particular way in a specific situation, and then, protected by nuanced 300 page contracts, will do the exact opposite of what they said they'll do. Assuming you accept that lying to people is unethical, people act transactionally with immigrant vendors, but not unethically in the same way.