The great sin of VC is that it bails out the losers before they even start to…

12HPXH6C6PsrionmpMwLBeXzLcufVNUW7G (8015) · September 27, 2020

The great sin of VC is that it bails out the losers before they even start to compete.
https://twetch.app/t/5e569eba23412cf9bc538f3fdddc9b4392807b859c1976a685447dda8d49edf7

Replies

1F8Xao4zgGEcfZRQpn1SroARGbCK4CjkyC (561) · September 28, 2020

did you see @255 's model ? VC that halves regularly to give you back control over time. Sure it's less money for VC but it would lead to a better ecosystem. The halving could even start after the initial capital has been paid back.

12HPXH6C6PsrionmpMwLBeXzLcufVNUW7G (8015) · September 28, 2020

Yeah, I really like the idea behind output.capital.

Would love to see it in action as Jack has noted they've yet to invest using this model:
https://streamanity.com/video/nesLTNIzUMSm?ref=17fc2f30-495d-4867-876c-839869babc41

1K59XDtPV3VPyK65JKYJekfRMmfWJNxNwN (1477) · September 28, 2020

In that model @255 is competing with other investors to win investment in the most valuable startups. It may or may not benefit founders; and whether that model can be profitable for a VC remains to be seen.