Yep this is the explicit strategy. 1) fund growth off of VC cash at a huge loss; 2) when VC gets tired and no other VC wants to step in, turn to enshitification to provide the VC with liquidity options.
That’s it, that’s the playbook for the past 20 years and probably longer.
Yep this is the explicit strategy. 1) fund growth off of VC cash at a huge loss; 2) when VC gets tired and no other VC wants to step in, turn to enshitification to provide the VC with liquidity options.
That’s it, that’s the playbook for the past 20 years and probably longer.