Are VCs Worthless? Why Startups Need To Go After 'Hard Things'
CB Insights CB Insights
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 Published On Jan 17, 2017

Palihapitiya dove deep on weaknesses in the current VC model and took them to task for not having skin in the game and being too focused on money and successful exits as opposed to handling actual world-changing issues. Issues like healthcare and prevention-based initiatives can take years or decades to see positive returns for investors, but will have saved many lives in the process. Does this make these companies more or less worthy of investment?

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