What the f**k is VC even???
So I may be a fucking idiot, but can anyone tell me how VC now is not just a bunch of highly pedigreed fuckwits living off the capital of their LPs while running around playing hot potato with the latest shit investment they've rationalized, so that eventually they can dump the steaming pile of shit companies onto the public to gtfo? These firms are literally running around with a fucking deal shotgun doing 7-10 deals a quarter looking for a god damn unicorn; companies that have no business existing are getting funded and for multiple rounds too. It is literally like buying high-end art, where you don't care how much it is, someone will always be willing to pay more, thus giving the piece value.
Like say you did the series A for a company and are kind of worried because even after all the bullshit analysis you did saying that this company was great, it's still cash flow negative and shows no signs of turning around, but this is totally fine! Your friend, pedigreed fuckwit #2 at "insert tree species name" Capital, has decided this is also a good investment and will do the series B at a higher valuation than series A! So, on paper you're good! Your firm is now making money, your LPs are making money, and you're making money! And if worst comes to worst, you can just wait for pedigreed fuckwit #3 to do the series C which will make you EVEN MORE MONEY!! And if all else fails, you can just hype up the company and go public to dump this shit sandwich on some non-target hardos that get their investment advice from Reddit.