I genuinely just don’t understand what’s going on in the tech sector anymore
VC funding is basically gambling, trying to find the next billion dollar company. So they throw money at anything that has any semblance of traction to get in early and cash out when the time comes.
Gambling with OTHER PEOPLE’S money.
You win, you take a cut. You lose. Someone else suffers.
These people destroy everything for greed.
Which is the exact same behavior that caused the dot com bubble. VC funding was throwing money at any and every dot com business, in the hopes that it would explode and lead to profits.
All it did was massively overvalue the dot com companies, which caused a bubble when people finally realized they were overvalued and VC investors turned off the spigot of free money.
