Aral writing on the problem with VC funding

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Full article here: Aral Balkan — Ello, goodbye.

"When you take venture capital, it is not a matter of if you’re going to sell your users, you already have. It’s called an exit plan. And no investor will give you venture capital without one. In the myopic and upside-down world of venture capital, exits precede the building of the actual thing itself. It would be a comedy if the repercussions of this toxic system were not so tragic.

Let me put it bluntly: if a company has taken venture capital, you have already been sold. It’s not a matter of if, it’s simply a matter of when. "

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In a preface of a Japanese high school math tutorial by Jun Akiyama, I once read something like:

Efforts are not rewarded and Justice is unserved…

evidently there is an addendum:
Yet I continue to persevere.

:smile:

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