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rexreedyesterday at 10:04 PM0 repliesview on HN

I don't feel bad for VCs. Venture capital has turned the old style of startup entrepreneurship into a financial hustle of Startupism that is about trading equity value and not about venture creation. Maybe it always was about that, but at least in the 1960s-early 2010s it seemed at least somewhat more about business and value creation. Now it all just seems like a financial hustle. I hope we see VC become the minority way that businesses are built and financed as it used to be in the tech industry.