VCs are debt-trap diplomacy in tech — they vibe-loan a dream, then repo it into a nightmare

Comments

• partial_accumen@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Well without VC cash injection many tech startups would simply die early. No one forces a company to take VC money. All recipients do it willingly to themselves.

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  • explodicle@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

    No one forces a company to take VC money.

    Landlords

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    • partial_accumen@lemmy.world ⁨1⁩ ⁨day⁩ ago

      I don’t get it. You’re going to have to explain that one to me.

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• 9point6@lemmy.world ⁨1⁩ ⁨day⁩ ago

  The current silicon valley meta for a while now seems to be to do any shit to lure in a user base that they ultimately can cash in on a year or two down the line.

  Once you piss those users off, they go somewhere else and the cycle continues with another company that pops up to solve the artificially created problems with whatever the old thing was. Rinse and repeat.

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• limitedduck@awful.systems ⁨1⁩ ⁨day⁩ ago

  Isn’t the VC objective in the name? They’re explicitly looking for new companies to make them money.

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• Yermaw@lemm.ee ⁨1⁩ ⁨day⁩ ago

  Did I miss a mini news cycle so suddenly VC is an incredibly common term?

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  • Thedogdrinkscoffee@lemmy.ca ⁨1⁩ ⁨day⁩ ago

    Venture Capital is common tongue since 2000 tech boom.

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