• by optimusclimb on 5/7/2016, 10:01:13 PM

    If the VCs know what's going to happen next, where were their predictive skills when they were pumping all of this money into companies with bad financials/business models in the first place?

  • by staticautomatic on 5/7/2016, 11:35:37 PM

    What's particularly telling about how absolute fucking bullshit these "Top VC" explanations are is that fact that virtually every single one of their comments is in this abstract, passive voice-- they're all talking about some other company, some other fund. It's never their problem or their mistake. It's full of qualifiers. Be an adult and take responsibility for yourselves!

    Examples:

    - "the price of oxygen has increased..."

    - "the VC's have been saying..."

    - "the venture community has realized..."

    - "investors are largely to blame..."

    - "I won't name [the company], it's one we're not in..."

    - "to make the business work you have to go deeper into the muscle..." (I don't have enough WTF's for this one)

    - "A number of companies will fail..."

    - "I would say will end in unhappy outcomes..."

    - "There are good businesses..."

    - "I've heard of companies..."

    - "Companies have and are doing certain things..."

    - "you can say that as values get more rational, things will get better..."