Investing is an ego thing for a lot of people.
And that's not just VCs, it's Angel investors and a lot of others. Think about it. Many of these people have more wealth than they can spend. Others are really investing other peoples' money. What they're really after is the status that comes with being an investor in something truly big. They want that glory.
It's weird, because in many ways, they don't do much, other than provide capital. And that capital is often leveraged loans, or money from thin air. As much as VCs act like they add tons of value to companies, vast majority of the time, they just get in the way. That capital is useful, though, because you don't have to compete on merit, you can compete on scale and marketing instead. This is where the zombie infection starts.
Yet the narrative is that these are the people that should get credit and the reason that the economy thrives! That's the status they're after. And the mainstream media is happy to give it to them.
Bitcoiners ought to know better. The people that do the work are the ones that deserve credit, not their investors.
