Replying to Avatar jimmysong

VCs like to act like they're expert consultants on everything from marketing to capital management. In reality, that's all a smokescreen to hide the fact that they're money middlemen. They take money from LPs and distribute them to startups, which is what banks used to do.

You can get better and more objective consulting services from people that aren't trying to fatten you up like a commercial pig.
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buyBTCRetireEarly 1y ago

Agree that what most VCs do.

But there are probaly good VCs that help develop companies that will provide net positive.

But they are probably overrated and NOT prerequisite to have a succesful innovation

Becuase when you think about it, there were no VCs that funded the creation of #bitcoin and the internet.

Open source innovation is more important. Real Angel Investors should just support open source developers

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