Wonderful to see more entrepreneurs waking up to the reality that venture capital is a toxic steroid for the vast majority of startups. Yes, a few unicorns emerge from the pressure – often to the detriment of us all! – but the injections kill far more businesses than it helps.
We've been beating these bongo drums for years at Basecamp. The joy of running your own business, on your own terms, on your own ethics, is something entrepreneurs had discounted for far too long over the quick'n'easy thrills of chasing venture capital.
The very exponential, devouring growth that venture capital is aiming for is the root cause of so much of the harm Big Tech is currently wrecking on our minds and our society. These consequences have never been clearer. RECONSIDER. https://m.signalvnoise.com/reconsider-41adf356857f …
"There is no higher God in Silicon Valley than growth. No sacrifice too big for its craving altar. As long as you keep your curve exponential, all your sins will be forgotten at the exit", I wrote two years ago. Change is over due. https://m.signalvnoise.com/exponential-growth-devours-and-corrupts-c5562fbf131 …
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