Venture Capitalism "...gives VCs more leverage later. "
#Quote by Simon 🥧 man 🥥🌴 🇺🇸 @enmodo
Post: https://mastodon.social/@enmodo/113366794801121527
"...I worked at a VC funded startup and they let it go for two years with no interest in us making revenue. I was told by the founder this was common and gives VCs more leverage later. If you've created something good then you'll need more money to stay in business and they get more equity for continued funding because you're desperate. And if you're mediocre you're never going to be a great exit so they cut their losses and move on."
Vampire Empire
Venture Capitalism
Vulture Capitalism
State Capitalism
(State being the head Vulture + banks cheating everyone else..,
#VampireEmpire ? 🧛 💉 🩸
#VentureCapitalism 💰 🤑 💰
#VultureCapitalism 🦃 👸 💎
#Capitalism the Vanilla flavour with STATE AND BANKS 🏦
Robbing people of their labour and future
Vulture Capitalism...
"...gives VCs more leverage later. "