Tech journalism just dropped another exposé on Silicon Valley's cash-burning startup circus. The piece tears into how venture capital has basically turned innovation into a money game—where founders chase valuations instead of building real products. Sounds familiar? Yeah, crypto isn't immune either. From billion-dollar protocol launches that fizzle out to VC-backed tokens that dump on retail, the pattern repeats. The report highlights how this capital obsession creates echo chambers: teams prioritize fundraising decks over user adoption, metrics over substance. It's a systemic issue plaguing both Web2 and Web3—when money flows too easily, discipline evaporates. Worth thinking about next time someone pitches you a 'revolutionary' project backed by big names but zero traction.
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SchrödingersNode
· 15h ago
Funny, VC's trick of exploiting retail investors is played even more skillfully in crypto.
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BlockchainWorker
· 15h ago
Isn't this what I see every day? The funding amount is even higher than the number of users, haha.
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SadMoneyMeow
· 15h ago
Damn, it's the same old story again. Feels like I'm watching a repetitive script every day.
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Gm_Gn_Merchant
· 15h ago
Honestly, VC money is too much, it's been rotten for a long time.
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GateUser-c802f0e8
· 16h ago
In simple terms, there's too much money burning a hole in the pocket, while those who actually do the work are the ones nobody wants.
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StakeOrRegret
· 16h ago
Honestly, I've heard this kind of talk in crypto too many times. As long as the fundraising numbers look good, everything else is just empty talk.
Tech journalism just dropped another exposé on Silicon Valley's cash-burning startup circus. The piece tears into how venture capital has basically turned innovation into a money game—where founders chase valuations instead of building real products. Sounds familiar? Yeah, crypto isn't immune either. From billion-dollar protocol launches that fizzle out to VC-backed tokens that dump on retail, the pattern repeats. The report highlights how this capital obsession creates echo chambers: teams prioritize fundraising decks over user adoption, metrics over substance. It's a systemic issue plaguing both Web2 and Web3—when money flows too easily, discipline evaporates. Worth thinking about next time someone pitches you a 'revolutionary' project backed by big names but zero traction.