simpleplan
Re:Ask HN: Is Venture Capital becoming Vegas-style gambling machine?
on Friday August 12, 2022 @12:42PM (#32440988)
It’s just a function of public markets having no alpha.
Reckless spend in the private markets makes it this way.
Crypto is the next stage. Excess supply with nowhere to go.
The sad part of it is that there are now a million startups with no real tech or distribution advantage raising easily simply because of how the markets are.
Hoping the macro climate changes and we focus on real innovation (unlike one click checkout and hoodies)