Posts Tagged ‘venture capital’
Social Commentary - Friday, March 28, 2008 8:09 - 1 Comment
This Just In - You Work While VCs Go Skiing
From Fred Wilson: I Had A Great Day Yesterday
You can almost hear the “ne ner ne ner ne ner” from Fred as he describes his day of fun skiing (at a rate of $400 per person - a paltry sum to be sure) with his kids while a bunch of stuff got done. There are a few take aways from this for would be venture seekers:
- You don’t need a VC to get stuff done
- VCs exploit companies and non-VC employees to fund their lifestyle
- You probably won’t ever get to go cat skiing, but you can bask in the glow of people who do, like VCs
- VCs will take credit for the work you do
The subtle arrogance of this post is far beyond anything I have ever, ever read from Fred. Maybe he just doesn’t realize that the rest of the world doesn’t live in bajillion dollar townhomes, and vacations with their family on a $1600 per day burn rate, but this one really cheesed me off.
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