I can tell VC has shifted from crypto to AI because the cold call "add crypto to your game" salesforce emails have changed into cold call "add AI to your game" salesforce emails.

"We are a Silicon Valley start up backed by YCombinator"

This is not the sales plus you think it is, my friend.

@solidangle when I was in between jobs, some startup founders would reach out to me. I have nothing against small companies or startups (one can be more impactful or innovative there!), but "we are VC backed" was an immediate deal breaker for me.

@BartWronski @solidangle VC backed makes sense for certain things. Maybe 5-10% or all the things that VC backing is done on.

@aras @solidangle being VC backed makes a lot of sense for many aspects of running a company - like securing funding and less worrying about burn rate.
But one also needs to be comfortable with the idea that the startup becomes someone's purely speculative asset and that they get some control over the future direction, which might be ok for some, just not for me.

@aras @solidangle @BartWronski speaking as a co-founder of a VC-backed startup, in a lot of ways, it means *more* worrying about burn rate because there is no off-ramp from the treadmill. Taking VC funding is a good idea pretty much exclusively if you need to scale fast now.