Conversation

I argued a while ago that VCs putting money into startups purely on the basis they could be flipped to a big company and not on them being viable businesses with potential long term profits was a bad thing. I was told categorically that no, VCs didn’t do this. Now many of the same people are talking about how VCs won’t invest in startups because they can’t be flipped to the likes of Adobe. Odd how they’ve changed their tune.