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

⁨44⁩ ⁨likes⁩

Submitted ⁨⁨3⁩ ⁨weeks⁩ ago⁩ by ⁨whiskeytango@lemm.ee⁩ to ⁨showerthoughts@lemmy.world⁩

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  • partial_accumen@lemmy.world ⁨3⁩ ⁨weeks⁩ 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 ⁨3⁩ ⁨weeks⁩ ago

      No one forces a company to take VC money.

      Landlords

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      • partial_accumen@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

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

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  • 9point6@lemmy.world ⁨3⁩ ⁨weeks⁩ 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 ⁨3⁩ ⁨weeks⁩ 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 ⁨3⁩ ⁨weeks⁩ ago

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

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    • Thedogdrinkscoffee@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

      Venture Capital is common tongue since 2000 tech boom.

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