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0 pointsrib3ye2mo ago0 comments

this is compounded by young, newly rich tech workers (no kids, no mortgage, maybe not even a car) experimenting with being a VC because they've recently reached accredited investor status.

and it's not just ZIRP. every recent IPO or liquidity event creates literally 500 more of these guys.

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8 comments · 3 top-level

adamkf2mo ago· 2 in thread

> maybe not even a car

Hold up — one can be mature without any of those things, but cars are especially optional.

rib3yeOP2mo ago

maturity has nothing to do with it. these are recurring expense liabilities with very very distant return horizon.

a1o2mo ago

Depending on which city you live, my feeling is owning a car is a lot less optional once you have kids, at least in their earlier years.

LargeWu2mo ago· 2 in thread

They say Silicon Valley was more of a documentary than a comedy, and now we have one more way life imitates art: A growing army of Erlich Bachmann's.

arealaccount2mo ago

Jian-Yang's

Esophagus42mo ago

Big Heads

necubi2mo ago· 1 in thread

Those would be angels, not VCs. VCs manage outside money.

rib3yeOP2mo ago

That's a really good distinction. I realize this is a little snide, but I imagine when they look in the mirror they still see themselves as Marc Andreessen.

j / k navigate · click thread line to collapse