42448 on Nostr: Bad VCs will push founders towards strategies, bets, models that have a 1% chance of ...
Bad VCs will push founders towards strategies,
bets, models that have a 1% chance of working, but pay out 200x if they
do.
They will throw 100 darts at the dartboard and maybe 5
will land, but what is it like to be the dart?
VC's want founders to be cult leaders.
Storytelling means "pump the token", and the job of the CEO is to
(1) be the hype man and to raise (2) cash and (3) eyeballs.
This requires a religiosity
of belief that is borderline delusional.
http://phrack.org/issues/71/17.html#article
bets, models that have a 1% chance of working, but pay out 200x if they
do.
They will throw 100 darts at the dartboard and maybe 5
will land, but what is it like to be the dart?
VC's want founders to be cult leaders.
Storytelling means "pump the token", and the job of the CEO is to
(1) be the hype man and to raise (2) cash and (3) eyeballs.
This requires a religiosity
of belief that is borderline delusional.
http://phrack.org/issues/71/17.html#article