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VC stands for Very Cringe

My prediction for 2023 - VCs will overdeploy in shitty AI startups

Venture capitalists bragging about their winning investments

Investors commenting on their competitors’ AI deals while closing their own AI deals

VCs after their Scooter company files for bankruptcy

VCs in 2023: “we made some bad investments in 2020 and 2021 but we’ve become quite disciplined.” VCs in 2024: “we’re excited to be leading a $175M pre-seed in IHOP AI - a company that was formed 7 minutes ago by two former interns at Google Deepmind who are seeking to

Over time, more of the market has closed itself off to new business - pushing entrepreneurs to raise VC for things that don't make sense. Banks and even public markets used to capitalize new/small businesses. Now they don't. The world needs more early (non venture) capital.

VCs when their portco got marked up at 50x+ revenue multiple

VC actually stands for Value Creator