Byrne Hobart
1 min readDec 26, 2018

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Thanks! I think it’s generally positive, for the reason you mentioned, although one downside is that it means VC as a class selects for companies that can reach a point where money is the limiting factor for scaling. It could theoretically preclude something interesting. But this basically means that the only thing they can’t fund is a religion, a social movement, or a multilevel marketing scheme (which tends to borrow traits from the first two, anyway).

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Byrne Hobart
Byrne Hobart

Written by Byrne Hobart

I write about technology (more logos than techne) and economics. Newsletter: https://diff.substack.com/

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