this post was submitted on 02 Oct 2024
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I genuinely just don't understand what's going on in the tech sector anymore
VC funding is basically gambling, trying to find the next billion dollar company. So they throw money at anything that has any semblance of traction to get in early and cash out when the time comes.
Gambling with OTHER PEOPLE'S money.
You win, you take a cut. You lose. Someone else suffers.
These people destroy everything for greed.
how did they get access to other people's money?
Probably by being attractive