VC funds are just like Ponzi schemes — and you should take advantage of that when raising capital
The reality matters less than the pitch. Even if LTVs are in the gutter and long-term prospects are grim. 40% off TNW Conference! And its not like anyone is intentionally scamming or that theres an actual Ponzi scheme in play. These fund dynamics are the inevitable product of the VC environment. For most LPs, even 10% wont justify the risk. In other words, its not enough for VC funds to have your startup succeed....