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Having a great exit is the golden dream for VCs.

But having founders that raise lots of money also have a value in itself even if the business fails in the long run.

But you also have to build a business with the money you raise, or else you kill your reputation along the way.

As the founder, yes. For the VCs there's not a lot of consequences by having hyped things like Theranos or WeWork.

I guess I would make a terrible VC, bc my money and reputation would matter to me.