Man, now I feel really bad for exploiting all those 20 year old Stanford and Berkeley kids by handing them millions of dollars to see if they can get their ideas to work. From now on, y'all are on your own -- good luck!
[deleted]
On the Fetishism of Capital and Prestige
41–47 of 47 posts
Re: On the Fetishism of Capital and Prestige
#42Man, now I feel really bad for exploiting all those 20 year old Stanford and Berkeley kids by handing them millions of dollars to see if they can get their ideas to work. From now on, y'all are on your own -- good luck!
You're not handing them money jackass, you're loaning it to them, and you're being very well paid for it - ROI waaay above market rate, if you realize that market rate means the junk bond rate.
"Handing" it to them would be if you didn't get equity or anything else in return.
Re: On the Fetishism of Capital and Prestige
#43Man, now I feel really bad for exploiting all those 20 year old Stanford and Berkeley kids by handing them millions of dollars to see if they can get their ideas to work. From now on, y'all are on your own -- good luck!
Downvoted for being an ass.
Re: On the Fetishism of Capital and Prestige
#44Earlier quoted context omitted.
Your skepticism is understandable, yet I feel as if you are missing the core message here. The message here is not about my own journey - my narrative is a trope for the culture of Silicon Valley. Whether or not I succeed in my venture is irrelevant to the main point - entrepreneurship is not about raising money or acquiring fame; it is about building a business. As much as I appreciate constructive criticism, your i…
I'm going to try to be nice and give you some advice: don't write like that. Constructing these overwrought sentences with the dashes and the semicolons and the vocabulary and whatnot just makes you look like an insecure sophomore trying to cover up inexperience with excessive verbiage. Which is probably accurate, but oh well. The purpose of writing isn't to make you look smart, it's to communicate your thoughts clea…
Oy, some of us actually do talk like that.
Re: On the Fetishism of Capital and Prestige
#45Earlier quoted context omitted.
Your skepticism is understandable, yet I feel as if you are missing the core message here. The message here is not about my own journey - my narrative is a trope for the culture of Silicon Valley. Whether or not I succeed in my venture is irrelevant to the main point - entrepreneurship is not about raising money or acquiring fame; it is about building a business. As much as I appreciate constructive criticism, your i…
I'm going to try to be nice and give you some advice: don't write like that. Constructing these overwrought sentences with the dashes and the semicolons and the vocabulary and whatnot just makes you look like an insecure sophomore trying to cover up inexperience with excessive verbiage. Which is probably accurate, but oh well. The purpose of writing isn't to make you look smart, it's to communicate your thoughts clea…
>Constructing these overwrought sentences with the dashes and the semicolons and the vocabulary and whatnot just makes you look like an insecure sophomore trying to cover up inexperience with excessive verbiage.
You're uncomfortable with how somebody speaks, so you call them insecure. Classic.
By the way, there was nothing sophisticated about the content or construction of the parent post. And if there was, maybe you should consider carrying the burden of trying to understand it instead of dragging us down to your idea of how people ought to communicate.
Re: On the Fetishism of Capital and Prestige
#46Man, now I feel really bad for exploiting all those 20 year old Stanford and Berkeley kids by handing them millions of dollars to see if they can get their ideas to work. From now on, y'all are on your own -- good luck!
You're not handing them money jackass, you're loaning it to them, and you're being very well paid for it - ROI waaay above market rate, if you realize that market rate means the junk bond rate. "Handing" it to them would be if you didn't get equity or anything else in return.
In no way is VC a loan. It's an investment. A bet.
(Ignoring the use of convertible debt, which is really just a hack to benefit everyone).
Re: On the Fetishism of Capital and Prestige
#47Earlier quoted context omitted.
You're not handing them money jackass, you're loaning it to them, and you're being very well paid for it - ROI waaay above market rate, if you realize that market rate means the junk bond rate. "Handing" it to them would be if you didn't get equity or anything else in return.
In no way is VC a loan. It's an investment. A bet. (Ignoring the use of convertible debt, which is really just a hack to benefit everyone).
Don't work in finance. You'll lose a ton of money if you try.