Des Imoto マキシ on Nostr: Yes, although it’s more extreme than you describe. VCs pick few individual ...

Yes, although it’s more extreme than you describe. VCs pick few individual companies that are not viable and pump them. Tesla, Amazon. They aren’t profitable for decades, but are consciously selected, puppet leaders put on place (Musk), to allocate capital to the few. Or, Boeing. They should be long out of business. Without government contracts and bailouts they’d be gone. And think of all the innovation and new businesses that society missed out on. Maybe we’d be flying around in small personalized drones if the trillions in wasted capital would have gone to entrepreneurs and innovation rather than Boeing with 1940s technology.