Positive users value public scrutiny of the Phia investment for holding bad actors accountable, while negative users dismiss the debate as gossip over Bill Gates' daughter and argue extra diligence would stop all early-stage investing.
Based on 3 visible X reactions from 3 accounts; directional sample.
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Published answers will appear here.
i don't have an opinion on if Phia, i don't even know what happened but obviously none of this would blow up if it wasnt bill gates daughter, so people complaining are just in it for the gossip. people are addicted to gossip not customer justice
@gabriel1 It's extremely rare for bad actions in the startup ecosystem to get called out so it's useful for people in the ecosystem to know there are consequences to bad behavior.
if i did "due diligence" on seed checks i'd just never do any. just go create value whatever value was lost from phia is a drop in the ocean
if all VCs did enough diligence to ensure every company is not a "fraud" at pre-seed/seed they'd have to spend 4x more time per deal this obviously makes markets less efficient and you get less technology. market optimal is clearly having a few bad eggs slip through https://twitter.com/highyieldharry/status/2075689301526880307
in a market where hundreds of billions of value is created through startups, this one startup that did something slightly customer negative takes attention for gossip reasons who cares there is so much more value being created by funding new things than being cautious https://twitter.com/highyieldharry/status/2075689301526880307
i don't have an opinion on if Phia, i don't even know what happened but obviously none of this would blow up if it wasnt bill gates daughter, so people complaining are just in it for the gossip. people are addicted to gossip not customer justice
@gabriel1 It's extremely rare for bad actions in the startup ecosystem to get called out so it's useful for people in the ecosystem to know there are consequences to bad behavior.
if i did "due diligence" on seed checks i'd just never do any. just go create value whatever value was lost from phia is a drop in the ocean
if all VCs did enough diligence to ensure every company is not a "fraud" at pre-seed/seed they'd have to spend 4x more time per deal this obviously makes markets less efficient and you get less technology. market optimal is clearly having a few bad eggs slip through https://twitter.com/highyieldharry/status/2075689301526880307
in a market where hundreds of billions of value is created through startups, this one startup that did something slightly customer negative takes attention for gossip reasons who cares there is so much more value being created by funding new things than being cautious https://twitter.com/highyieldharry/status/2075689301526880307
Positive users value public scrutiny of the Phia investment for holding bad actors accountable, while negative users dismiss the debate as gossip over Bill Gates' daughter and argue extra diligence would stop all early-stage investing.
Based on 3 visible X reactions from 3 accounts; directional sample.
Ask a question below.
Published answers will appear here.