I don’t begrudge the tech, but I have increasing disdain for VCs. If they’re not clueless and greedy (FTX backers are a prime example), they’re elitist and snobbish. There is very little room for founders who don’t have the right pedigree (ex-FAANG, Ivy school).

Ironically, of all the startups I’ve worked in/consulted, the most profitable ones (actual profits, not paper profits) were started by non-obvious founders without significant funding or credentials.

Tech funding is becoming a little like the old boys club where ex-FAANG/Ivy VCs fund other ex-FAANG/Ivy founders.