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#companies#vcs#more#money#seed#need#going#early#guys#job

Discussion (19 Comments)Read Original on HackerNews
You can't just build a fund throwing out money at Seed and Series A SaaS companies anymore, more than ever company spend is going towards a few AI providers as "buy vs build" shifts in the opposite direction than before
And additionally you could argue that LLM coding is replacing the need for much of pre-Seed and Seed money that would go towards hiring the first 1-3 engineers and MVP development
But VCs note this and they just move up the stack so it's mostly fine.
The thing that VCs have to contend with primarily is not so much throwing money at random seed or series A companies, but managing conflicts. They can't invest indiscriminately and generally have to pick a winner to back in each category. It's probably more relevant at the early stage, but it's very frowned upon by founders if their investor also invests in their competitors. And at the end of the day, VCs have to convince the hottest companies to take their money, and most companies would object.
>Aka I thought the stuff that these other guys are doing was not so difficult. No one can replace me, of course.
>Many such cases.
Their desperate attempt to cling on to the past world is gonna be comical whilst they fade away into irrelevancy.
They're just cringe, awkward, and just as damaging - if not more - then the previous elites in modern times.
At least the oil barons, big pharma, banks etc stayed in the shadows - these guys are celebrity divas...
How many iterations are we going to need to end this sort of wealth?