1 min readDec 26, 2018
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).