Appreciate your point of view. I can only offer then, for what it’s worth, if you’re seeing it as a “standard canned VC reply,” maybe we’re just not seeing eye to eye. And that’s fine, the world takes diverse opinions and points of view. Maybe you’ve had some bad experiences or rough run ins with people claiming to be VCs… who know. I’ve worked with VCs for about 15 years and there is nothing canned about it, in my experience; it works, it works well, and that “canned” reply isn’t canned, it’s what it is.
“In other words, companies looking to build big and cash out just need to vanish so stable companies can prosper.”
Innovation isn’t stable. Startups aren’t stable. These are HIGH risk ventures and Venture Capital serves those kinds of companies. Full stop. That’s the point of it.
It seeks those big builds and cash outs because Venture Capital is the intentionally, not canned, not mistaken, use of funds for high risk. It’s the public sector version of an Enterprise’s R&D budget — MOST of that money is lost because it’s funding innovation. There’s nothing greedy about that… if most of the money goes to fund the work involved in taking risks and inventing things, it warrants ownership and high returns from the few successes. It’s not meant for stable companies! That’s what Private Equity, Financing, etc. is for.
Venture Capital isn’t in crowdfunding. Venture Capital Funds might speculate in crypto but no Fund I know is throwing their most of their money in bitcoin. “stalking” “greedy sharks” “The first thing is that literally everyone outside of SV now says “it ain’t gonna happen anywhere but SV. Full stop.”” — I’m not in SV, I don’t know any local VCs who say that here. You use a lot of language that implies you have a bias of VC and maybe, just maybe, your point of view isn’t aligned with what Venture Capital in fact actually is.
“So our take is that VCs should stop funding most of the ventures that we knew would fail and only fund businesses where the founder demands lifetime ownership.” I get you. That’s not what VCs do though.
But hey, we can agree to disagree. I get where you’re coming from… how does investment increasingly go toward stabler new businesses?? All I’m saying is that that answer is not VC — it doesn’t do that. That’s not a canned reply; I don’t know any VC anywhere that is seeking out traditional and stable businesses. Maybe expecting it to is the wrong point of view. If you’ve been fighting the battle for years, maybe it’s because there isn’t a battle to fight.
peace my friend. meant not to argue, just trying to help and discuss it
