A wave of performative, over-leveraged start-ups is degrading the shared trust that underpins venture capital. By making absurd nine-figure asks on the back of debt and bravado, showboating founders extract attention while imposing costs on everyone else. The result is harsher funding conditions, deeper scepticism, and the steady erosion of the start-up ecosystem as a commons.
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The Death of the Commons and the Piss-Taking Wannabee Founders
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