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Bitcoin Exposes Monetary Aristocrats – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

VCs have nice reputations.

They are considerate visionaries that deliver disruptive applied sciences to the plenty by means of their capital. They are smart oracles that information inexperienced startups to glory. They are hyper-competent winners that deliver immeasurable worth to their traders.

This couldn’t be farther from actuality.

VCs act like entitled aristocrats. They anticipate you to kiss their rings, defer to them, and deal with them as demigods of enterprise. What’s worse, they imagine their personal hype.

The first enterprise capitalist I ever met was Bob. I used to be 23, working at a startup based by my highschool good friend. We have been sitting round his disorganized kitchen desk in a cruddy residence-slash-workplace in Cambridge, Massachusetts. Bob wore an costly, customized-tailor-made, yellow go well with, shiny alligator boots, and an honest-to-goodness man purse. His presence made as a lot sense as Vitalik Buterin at a bodybuilding competitors.


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