Venture Capitalists are so overrated
They think so highly of themselves. And always eager to spread their expert knowledge on Twitter in politics, medicine, sports, entertainment, you name it. They are just so full of shit. If you look at the tech industry now, 95% of market cap, revenue, earnings are dominated by 5 companies that took very little to no VC funds- Facebook, Apple, Amazon, Google, Msft. Over the last decade, despite hundreds of billions invested in startups by VCs, nothing has come even remotely close to unseat them (the one that is close is TikTok, which has Chinese investors). VC investment is full of abject overhyped failures like WeWork, Robinhood, Clubhouse, Opendoor, Peloton, Lime, Uber, Lyft, Instacart, Katerra, Quibi, Magic Leap etc. TL;DR: VCs don’t know anymore about the tech industry than any random Blind poster
Yo that bar is too high bro, random Blind poster know a lot
No argument that vc cannot necessarily built the top 5 companies but sequoia for example backed 60+ billion dollar companies. Most of them you've never heard of but still, that's not a bad track record. They reportedly get 5x return on investment. https://www.failory.com/startups/sequoia-capital-unicorns
Agreed. Most of them just look at companies’ growth trajectory and founders’ pedigrees to make investment decisions(or check if more prestigious VCs are already investing) And then they act like they are the smartest people in the entire tech industry
Bolt Ryan joined sap?
Lol. I think Bolt Ryan was just shilling his own YC competitor