DizzyWaffle
DizzyWaffle

Some observations after 10+ years of being in the system

  • Most VCs are fraud, they never make any money and keep shifting from one fund to another to hide that they never made anyone any money. They also have usually no real input to add. They are no subject matter except negotiations which too mostly they just prey upon any founders.

It's a thankless asset class. Most founders will always hate it as they will never get a dollar and most investors hate it as they will never net a dollar.

Never chase VC, they are supposed to find opportunity .. Chasing them is useless, they judge you for it. So treat them from first day like your ex. Gf/bf.

  • Most tech startup founders are fraud, they never make any money and keep shifting from one idea to another to hide they never made anyone any money. it usually takes 20 years to make a real $100 million dollar revenue company, but 20 months to be a unicorn. Any unicorn today is priced according to what they would make after 5-10 years... Yeah right.

  • Making real money is hard. Making fake money is easy. 99% of startup Esops are fraud If the company is homerun, then they won't get you stock easy. If the company is maybe homerun, they won't give you cash easily. If you get free cash and esops, just imagine it's an 18 month project.

  • Most of the humblebrags are fraud as half of them don't even understand the fine print of what they think is real money but not.

  • Most of the people who usually ask for change have no intention for it. They want to be seen as leaders, change is hard, negotiated and cried for.

  • you only live once. Go hard.. No one like people who have too much to talk but nothing to show.

16mo ago
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