[tzhenghao]

VCs aren't always the best capital allocators - a lot has succumbed to the money management + fees disease. They push you to raise more, force you to hire and burn when you really shouldn't / haven't figured out product market fit yet.

> Whatever magical market forces that might change how funding works, they don’t seem to be at play.

I think money is scarcer these days, and founders who are constantly being burned by VCs will think twice about riding the big VC train in the coming years. As a founder myself who work crazy hours getting the business going, it's painful / bad optics to see full time VCs doing weekend Vegas trips, browse art galleries on weekday afternoons and fine dining every couple of days, knowing I've sold a chunk of my / my team's hard earned equity on that bs. Of course there are great VCs, and some businesses needing to be VC backed, but oh boy, are there really bad apples out there.

[bratbag]

If someone has given you money to build a business, why is their weekend anything to do with you?