to those who cry about 'BS' like diversity etc ask yourself if people without the same backgrounds, looks would have been able to raise the same amount without a business model.
The financial world is not equitable, its about results. People from privileged backgrounds are more likely to raise funds because their privilege makes them more likely to succeed. If Being raised in a trailer park raised the odds of a successful exit, you can be sure VC interns would be having business meetings over deep fried Oreos way more often.
This presupposes that VC firms generally know what is more likely to succeed, which is demonstrably wrong and the entire reason that the “eggs” are put into so many different baskets every season.
Is that so or is it more likely to succeed because they can raise funds? The way modern VC works is just a packaging industry anyway. A VC will give money to a founder if he thinks that he can raise more money in the future. They'll get back what they put in from someone else before it fails.
I don't know, getting paid to try things out sounds like a good deal
Good advice for investors, maybe - not for founders. Why would a founder turn down money?
to those who cry about 'BS' like diversity etc ask yourself if people without the same backgrounds, looks would have been able to raise the same amount without a business model.
The financial world is not equitable, its about results. People from privileged backgrounds are more likely to raise funds because their privilege makes them more likely to succeed. If Being raised in a trailer park raised the odds of a successful exit, you can be sure VC interns would be having business meetings over deep fried Oreos way more often.
This presupposes that VC firms generally know what is more likely to succeed, which is demonstrably wrong and the entire reason that the “eggs” are put into so many different baskets every season.
Is that so or is it more likely to succeed because they can raise funds? The way modern VC works is just a packaging industry anyway. A VC will give money to a founder if he thinks that he can raise more money in the future. They'll get back what they put in from someone else before it fails.