The Raabit Hole
Published in

The Raabit Hole

Misaligned Incentives in Venture Capital

The difference between optimistic and self-interested

“Circling Back”

For most Americans, their job and responsibilities are clear-cut. Somehow, one of the most prestigious and cushiest careers in history also happens to be one of the most conflicted. It’s reasonable to understand why many in the venture community would invest in companies they don’t have 100% conviction for — the cost of missing out is high, reputations and networks are at stake, and fundraising is really just storytelling.

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