skoobasteeve: Is there an Important Role for VCs?

Hi Chris and Mike,


You talk often about reckless VC spending on tech startups that don't make money, and in the Coderly you specifically compared tech to other industries whose companies have to make profit to survive. Despite all the (justified) criticism that the VC model gets, I'm concerned about the alternate universe where this funding doesn't exist. Many of the biggest innovations in tech were made possible by early investing which gave companies space to grow and iterate on their product. If founders don't have access to this funding and are immediately under pressure to turn a profit, will The Big 5 be the only companies that can afford to innovate?

I was thinking about it terms of your arguments on AI regulation, that if tight compliance requirements are put on AI, only the big companies will be able to leverage it. Isn't it similar with startups and VC funding?

Thank you both for the lively discussions and insights over the years, I haven't missed an episode since 2015. Mike: get your butt to LFNW 2023!