Every jerk I knew in college has seemingly now started their own VC capital company in different parts of the company, and the crazy thing is that they ALL SEEM FUCKING SUCCESSFUL. I completely admit that I’m jealous and bitter.
I just seethe when I see that these shell companies or spin-offs that seemingly do the same thing while producing literally 0 successful businesses. All of these dudes do the same thing. Join one VC firm and then "spin out" to their own VC firm with a co-founder credit, gets 10s of millions in funding, gets generic techcrunch and crunchbase articles written about them (who the fuck reads these articles by the way), spin out into another identical VC firm (which is “NOT a VC firm or incubator” but totally fucking is), get 10s of millions in funding, never create a successful business or seemingly a business at all, repeat.
Is it just phony? Are they all unsuccessful? At the very least they’re able to secure 10s of millions of dollars in VC capital every few years from other real VC companies. How much of that are they taking home at night? Do they scrape a few hundred thousand or a million from their scammed investors and just keep doing that until they can retire?
Why would a legit VC firm sink money into another, unproven, totally separate VC firm instead of just focusing on their own growth? Is it really worth it for them to sponsor all the douchebags of the world for the one in a thousand/million moonshot? What the fuck is going on? Sure I’m just an asshole who resents anyone more successful than me, but I still think it’s a legitimate question.
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