I feel like I really need to learn how to raise money. For $17M, one could probably build a vacuum robot prototype that’ll also clean up all of the kids toys and sort LEGO bricks by colour and size. Parents worldwide would love it. But instead, we get a replacement for Git. And I didn’t even bother to click the link because I’m fine with how Git works. On the list of pain points in my life, “what comes after Git” has…
VCs have no clue. They have money and therefore they are in a dominant position. Everybody around them (professionally) is trying to flatter them and convince them that they should invest in their project. I had a few interactions with VCs (both professional and personal), where I didn't care because I wasn't benefitting from them. One of them was "an expert in CRISPR and blockchain" (WTF?) and... well I didn't need…
Per Matt Levine, the optimum amount of fraud is non-zero. Tune your detector too loosely or too tightly and you'll miss out.