I can't not jump on this topic band wagon.

"Venture Capital", in the west, is a management structure for dominating all industries. The way the scam works is:

1. Have billions of dollars and want to earn more by taking over every industry
2. Realize it's prohibitively expensive to hire experts and professional business people to build businesses, in every industry, from the ground up
3. Find successful people who have run / sold businesses and tell them they can direct your money and earn some ownership, as VCs
4. Tell the VCs to find hard working founders and offer them VC in return for stock and a lot of control over company processes
5. Tell founders that "we see the biggest level of success with companies founded by 3 or more founders" (like e.g., Y Combinator does) 6. Tell the VCs to have the founders live a ramen lifestyle while building the company as fast as possible
6. Realize you've created a vast network of teams of 3 hard working smart people, all competing to be America's Next Top CEO, at which point some 5% will be reasonably rewarded while their counterparts at the 19 similar startups receive nothing more than their Chinese labor camp level pay and hours
7. Continue these steps until you own every industry

Disclaimer: all of this is personal opinion.

I can't not jump on this topic band wagon.

"Venture Capital", in the west, is a management structure for dominating all industries. The way the scam works is:

1. Have billions of dollars and want to earn more by taking over every industry
2. Realize it's prohibitively expensive to hire experts and professional business people to build businesses, in every industry, from the ground up
3. Find successful people who have run / sold businesses and tell them they can direct your money and earn some ownership, as VCs
4. Tell the VCs to find hard working founders and offer them VC in return for stock and a lot of control over company processes
5. Tell founders that "we see the biggest level of success with companies founded by 3 or more founders" (like e.g., Y Combinator does) 6. Tell the VCs to have the founders live a ramen lifestyle while building the company as fast as possible
6. Realize you've created a vast network of teams of 3 hard working smart people, all competing to be America's Next Top CEO, at which point some 5% will be reasonably rewarded while their counterparts at the 19 similar startups receive nothing more than their Chinese labor camp level pay and hours
7. Continue these steps until you own every industry

This is all just my personal opinion.

I can't not jump on this topic band wagon.

"Venture Capital", in the west, is a management structure for dominating all industries. The way the scam works is:

1. Have billions of dollars and want to earn more by taking over every industry
2. Realize it's prohibitively expensive to hire experts and professional business people to build businesses, in every industry, from the ground up
3. Find successful people who have run / sold businesses and tell them they can direct your money and earn some ownership, as VCs
4. Tell the VCs to find hard working founders and offer them VC in return for stock and a lot of control over company processes
5. Tell founders that "we see the biggest level of success with companies founded by 3 or more founders" (like e.g., Y Combinator does) 6. Tell the VCs to have the founders live a ramen lifestyle while building the company as fast as possible
6. Realize you've created a vast network of hard working smart people, all competing to be America's Next Top CEO, at which point those 5% will be reasonably rewarded while their counterparts at the 19 similar startups receive nothing more than their Chinese labor camp level pay and hours
7. Continue these steps until you own every industry