Venture capital’s silent crash: when the tech boom met reality
ft.com
ft.com
While VC served its purpose well back in the heydays of FAANG and modern groundbreaking companies, in today's area it has become nothing more than a legal ponzi scheme designed to have series D and IPO stock purchasers holding the bag after artificially growing companies to unsustainable rates. Companies that grow slower and have a chance to become more sustainable will benefit even the most capitalist of societies, instead of hundreds of billions dumped into ongoing pump and dump cycles, which (as the article) inevitably leads to a crash.