Startup News Hubb
Advertisement Banner
  • Home
  • Startups
  • News
  • Startup Mentors
  • Contact
No Result
View All Result
  • Home
  • Startups
  • News
  • Startup Mentors
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Startups

VCs should hold early-stage companies more accountable • TechCrunch

admin by admin
February 21, 2023
in Startups


There’s a long history of choosing potential profits over doing the right thing

If the last year has taught us anything, it’s that VCs let their portfolio companies get away with a lot.

No balance sheet? No problem; here’s a $32 billion valuation. No proven product-market fit and your last venture cost investors billions? Here’s a check worth more than all Black founders raised in 2021’s otherwise record-breaking year. Cut a check for Elon Musk’s Twitter acquisition when he’s never built in that space before and has a reputation for treating employees poorly, why not?

One can only imagine the messes we don’t hear about.

Venture capital has a history of choosing potential profits over doing the right thing, but in many cases, this intentional lack of accountability over a portfolio company’s sore spots or issues ends up biting the investor down the line. It could also end up hurting their LPs when things inevitably start to crack.

Usually we — as in, those who aren’t working at, or investing in, said startups — don’t hear about these instances until it’s far too late. A startup is worth over $1 billion, and only then do we learn about the employees and stakeholders being affected by the company’s missteps or leadership shortcomings.

But it doesn’t have to be this way.



Source link

Previous Post

Best Ways of Getting More Likes on Your Social media Posts

Next Post

Nine Ways To Get Your Customers Involved With Your Company’s DEI Efforts

Next Post

Nine Ways To Get Your Customers Involved With Your Company's DEI Efforts

Recommended Post

Australia has a growing productivity problem – and that’s why I helped write a major report about it

3 months ago

Aztec Network takes on encrypted blockchains with $100M round led by a16z • TechCrunch

6 months ago

Want to Get the Best Tax Refund This Year? This Bundle Can Help.

3 months ago

Turning waste water into water that works with Alex Rappaport from ZwitterCo

4 months ago

Are SMEs The Overlooked Engines Of Innovation?

7 months ago

Cambridge-based TidalSense raises €8.6 million to spread its AI-driven tech for respiratory conditions

3 weeks ago

© Startup News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Startups
  • News
  • Startup Mentors
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Startups
  • News
  • Startup Mentors
  • Contact

© 2022 Startup News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/