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> The VC has collected extra cash How was that cash collected? What is the VC collecting now? He collected cash from the last batch of "entrepreneurs" and th
by firstOrder 12y ago
> The VC has collected extra cash
How was that cash collected? What is the VC collecting now?
He collected cash from the last batch of "entrepreneurs" and their teams who did all the work and wealth creation. He's doing it with the current guy, which will fund him doing it to the next guy. He's not collecting cash like picking apples from a tree. He's parasitically leeching off the working wealth creators, as are his heir LPs.
The pie is divided up in a certain way. Of course the VC side has it in their interest to tell some story of how deserving they are. Of anything I can think of, I can't think of anything that would motivate people to tell a BS story more than why their pie slice should be a certain size. Anyone who says that there is some omniscient, objective obviousness to some positive quality of VCs is obviously engaging in the most standard argument of all of partisans. We're not doing some repeatable experiment on some hypothesis that everyone has an interest in accepting. It's a zero-sum division of a pie, and if the VC can get over on people that he's so deserving, he wins the game. If we're talking about dividing the pie, everyone piping in with a comment has an agenda, whether hidden or not.