Re:AI and Drug Discovery: Attacking the Right Problems
by Judgmentality on Saturday March 20, 2021 @03:41PM
(#26525583)
> An advice for the VC among us.
I wish I could find it now, but I once read a comment on HN where someone was approached by a VC for technical advice. To make a long story short, the engineer being consulted noted that in order for their growth to continue as the company proclaimed, they would have to break the speed of light before reaching profitability. The VC invested anyway and inevitably the company failed.
VCs chase trends just as much as anyone. In my experience, they are more susceptible to herd mentality than regular people.
I wish I could find it now, but I once read a comment on HN where someone was approached by a VC for technical advice. To make a long story short, the engineer being consulted noted that in order for their growth to continue as the company proclaimed, they would have to break the speed of light before reaching profitability. The VC invested anyway and inevitably the company failed.
VCs chase trends just as much as anyone. In my experience, they are more susceptible to herd mentality than regular people.