129
What are some modern bullshit jobs?
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 19 Oct 2023
129 points (95.7% liked)
Ask Lemmy
26669 readers
1631 users here now
A Fediverse community for open-ended, thought provoking questions
Please don't post about US Politics.
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
founded 1 year ago
MODERATORS
That depends most startups are shit and fail but they still are useful. But the idea is VCs will just fund thousands of startups in hopes one is a unicorn and actually has a product worth selling.
But the founder is expected to use capital they don't have to fund the business until it is attractive to people with capital. They are expected to market the product without marketing experience. They are expected to negotiate with people who are negotiating from a position of strength and who has much more experience. They are expected to be personally attractive to get interest from VCs. After they have gotten traction they are expected to be "coachable" and follow the advice of advisors that up until now have not been involved in the growth of the company.
The ecosystem is broken. Founders rarely get funding and when they do they end up losing most of the business they built. VCs are getting very few positive results.
If big VC firms were losing money in terms of net total they wouldn't exist. Albeit most of them define success as being acquired by a big company like Google. As for independent VCs most of them are probably wasting heaps of money and just following the hype.