this post was submitted on 26 Aug 2026
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[–] yggstyle@lemmy.world 1 points 7 hours ago* (last edited 7 hours ago)

VC won't give you the time of day if you lack a product or platform. This isnt go-fund-me or r/wsb. VC appear to bet big but are frequently pretty well informed and diversified. Their big bets aren't much from their prospective... and frequently will be the first to squeeze "their due" from a failing venture.

I dont see how Elon makes a good example for this. If anything it supports what I said:

Elon is wealthy. He has a platform. He has shit he's bought and is reselling snake oil from those things. He's not poofing something from nothing.