racecondition
In general, deeply depressed people interpret and perceive even language and visuals differently, in more negative and cynical lights, its hard to consciously teach yourself to constantly perceive the opposite or think in a more positive way, perhaps just stimulating ALL nuerons helps calibrate paths that otherwise were not favored other neuronal pathways highly utilized by depressed people.
To be honest, I've seen more people in my life die from going from antidepressents to street heroine than I have people from ect. I am not ready to say ect is safer than antidepressants. It's also to be noted antidpressants its a multibillion dollar industry of which a very few very rich families make a ton of money and also sell the same drugs for heroine overdoses, many heroine addicts of which came from being cut off from abusing antidepressants, 1/3rd of all heroine addicts actually so...
when you compare ect therapy to a massive opioid epidemic that makes a few people rich, and all of the violence that has encompassed the heroine drug dealing industry, I would say ect is potentially a safer option.
It has a stigma because of how it was originally used.
I would still though be interested in psychadelics over ect but shrooms can cause permanent damage and impacts everyone differently as well so both are hard to streamline I imagine.
I have friends in healthcare as well, and I don't hear things are much better too, in regards to the business ethics of the healthcare system.
My overarching point is that anything that involves finance is likely to be corrupt, and VCs are just one segment of them, but there are a lot of more corrupt financial entities with way less transparency and as a result, way less criticism.
It's not really a fair comparison to match factory work, cutting hair, and being a cashier to being a hero of honesty in relation to finance related jobs. Take cashiers for example, their job is to accurately ring up listed prices decided by a much more complex decision making system, leaving very little decisions for them to mess up at that point, and anything they do unhonestly, is likely to be relatively black and white in comparison to the unethical lobbying behaviors multi billion dollar corporations that bankrupt farmers that farm the seeds they make to monopolize food markets, that the cashiers are ringing up.
Yes, VCs are able to lose alot of money and not really be accountable for it, but so are many other industries related to finance...
Not sure why you are so convinced VCs are the one evil entity in the thousands of permutations of finance, but if I had to call out evil entities in finance it would be the credit market, corrupt government, wallstreet investors, but atleast somewhere at some point VCs gave value to some entity you can track other than transiently through a stock from an algorithm to maximise their profits, but I get it, you hate VCs.
At the end of the day, they have money. Assume they are selfish and want to not lose money, so they probably have some rationale on which they give out money in hopes for a return on investment. That being said, I've seen way too many tech bros with bad blockchain ideas get way too much money which usually goes straight to their heads before they lose it all, and I assume the V.C.s have a really good strike price and know exactly when to liquidate.
For others, it was my general understanding VCs lose money on most investments, hoping that a few end up going really big and canceling out the losses on the rest, but I don't really know anything about VC stuff. I'm not sadomasochistic enough to try to start a company, I just try to work on my skills and people are willing to pay me to invest in myself because I tend to discover interesting things while I tinker about and also keep things from failing often in a raging dumpster fire but I don't know if thats a good way to market my skills.
1) diversify their investments amongst many areas in tech (or maybe some non tech things, not stereotyping all VCS but for this example I'll say diversity of problems being solved using technology/software etc) and thus see commonalities of problems amongst teams in their experience despite whatever the specific niche industry is. I think it is pretty important to agree the cofounders are important. Specifically I've heard from CEOs of startups I use to work for they are really good at hunting out "weaknesses" in the bonds between cofounders.
Basically, they don't want a good idea to fall apart because two cofoudners fundamentally don't see eye to eye, which will make it hard for any decisions they make (whether good or bad) to come to fruition and indicates future struggles with the company, in addition to weak leadership/unified approach when hiring new people, who might be disoriented at understanding the direction the company is going in.
2) Focus on particular niches (a startup who focus specifically on funding AI startups, for example) often they will even fund competitors knowing that if one of them dies, they are almost gauranteed to reep benefits from the remaining on in the niche field. This also means they keep a close track on the variations between two or more companies approach in a specific industry and why one failed and the other didn't.
Someone from Marc Andreessen's team recently published a blog post going into great depth about 5 factors amongst ten or so AI teams that indicated their levels of success in the field, and most of the tilting factors are not what I would say is common knowledge amongst AI startups.
They may have their biases, but they also have unique experience in understanding or seeing repeated dynamics in what could make a relationship (between cofounders) fail (like seeing that one bad relationship where the couple can't see it but it is so obvious to you because youve either now been through it or seen it happen before, imagine this for VCs looking at cofounders over and over again for ten years...) and otherwise have lost lots of money over failed business ideas, so I would say they are incentivized to be as objective as possible with themselves, even if just selfishly for the benefit of their own bank account.
Where software development is just an example of one of the skills you would need
Vs.
"We prototyped this ourselves based on our experience coding with best in class teams for scalability, performance and optimizing cost savings for scaling (lets say web platform?) web platform, and we have a working MVP with some customers onboarded and seem to be growing faster than we can handle due to demand, and even though we are all pretty good at running this platform ourselves, we know some key people we want to hire to take over the scaling our existing backend devops teams so we can focus on the UX/UI and feature development to respond to specific asks from our current customers because we know these will keep them on board with us vs our current competitors."
In general, they are looking for people who are realistically engaged with the resources it needs to implement the solution to the problem where many people have the attitude of "I have the idea, I will hire minions to do it for me, I just need $5million from you to do that so I can hand out tshirts and take credit for their work at conferences while my minions do the work, duh".
You may think this does not happen. It happens quite alot....