Strong majority of startups I’ve come across were perfect examples of “misallocation of capital”, typical FIAT maxi shit.

On the other hand, Czech republic is know for really decent attempts. But most of them end up as “exit strategy” - they are sold for few dozens millions of dollars and you never hear about them again. Such a shame.

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I'm not part of the VC scene in any way, but from what I've heard via the grapevine, VC due diligence can be non-existent. Some just pile in because someone else throws their money at a thing.

Yes, exactly.

I don't understand when startups attempt to spend their way to legitimacy.

It stops being promise of future cash flow and starts being promise of future capital.

Recruiting investors not clients.

Seen too many of those 😂