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A comment on Venture Capitalists Are Deforming Capitalism. Parent comment

Re:Venture Capitalists Are Deforming Capitalism by eeZah7Ux on Monday November 23, 2020 @02:13PM (#25190461)
> I have seen startups racking in seemingly endless funding only to be beaten by much smaller / less well funded competitors that happened to have better strategy or execution

The usual rags-to-riches feel-good story.

Reality is more nuanced, and "worst-run startup can beat competitors if investors prop it up" is true most of the times.

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Re:Venture Capitalists Are Deforming Capitalism by davidivadavid on Monday November 23, 2020 @02:40PM (#25190787)
How do you know?

It seems like the opposite cliché of "Endless VC funding leads to success over better alternatives" is just as much of a fantasy.

After all, people with little marketing experience on Hacker News often believe a marketing budget is the only thing that separates huge success from complete failure.

As you say, reality is more nuanced.

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Re:Venture Capitalists Are Deforming Capitalism by cryptica on Monday November 23, 2020 @02:21PM (#25190565)
Exactly, the number of startups which have failed or never even got a chance to start because they had to compete with an unprofitable VC-backed unicorn is unfathomably greater.
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