Re:One trick Apple uses to make you think green bubbles are ...
by sicp-enjoyer on Wednesday October 12, 2022 @04:11PM
(#33182404)
I completely agree with the sentiment, but i'm sure deals are made on less trivial factors all the time. They just aren't explicitly stated.
Re:One trick Apple uses to make you think green bubbles are ...
by NickC25 on Wednesday October 12, 2022 @04:21PM
(#33182523)
Yeah, but the whole point is that if it IS explicitly stated or even implied, then the whole concept of a VC's fiduciary duty to its investors gets thrown out the window because of some partner's personal biases that have no impact on a given company or product. That's unethical and dubious at best, and illegal or outright fraud at worst. All because someone didn't like that someone else was using a different kind of phone. That's nuts if you think about it.
Imagine explaining to investors in your VC - "You know that XYZ company that just IPO'd for several billion dollars? Yeah I passed on their series A because the founder didn't have an iPhone despite the business itself being really solid". If I was an investor in that VC I'd sue the partners into the ground over such trivial bullshit.