40 lines
1.9 KiB
Markdown
40 lines
1.9 KiB
Markdown
+++
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title="Anti-VC"
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mediatype="philo"
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conference="seattle-2022"
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date="2022-11-16T12:00:00-08:00"
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description="Do you love enshitification? 'Cause we don't"
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thumbnail=""
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[[videos]]
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title="Memory Strategies"
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embed="https://player.vimeo.com/video/774890907"
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service="vimeo"
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download_link="https://player.vimeo.com/progressive_redirect/playback/774890907/rendition/720p/file.mp4?loc=external&oauth2_token_id=1777364455&signature=3c443137144bf46966f5607ab00f818dfa5f98e1ac7643e62160f55e0bb27792"
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[[speakers]]
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name="Abner Coimbre"
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bio=""
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image=""
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[Prev](/operation2030/philosophy/anti-corporate) | [Contents](/operation2030) | [Next](/operation2030/philosophy/core-principles)
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We strongly prefer private companies that are profitable through a direct relationship with their customers. Venture capital, by its nature, often runs counter to this philosophy, so we generally frown upon it.
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The worst excesses of VC-backed startups can be nearly as harmful as Big Tech. Founders are burdened with millions of dollars they’re expected to return many times over. This creates incentives that select for rapid growth and investor returns over product quality or customer satisfaction.
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We interviewed Nuno Leiria: Ex-Optimization Lead for Unreal Engine 5. His new company, [Nuno Technologies](https://www.nilo.xyz/), accepted external funding. Abner laid out his concerns in full. Catch their exchange below (timestamped):
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<div style="position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden;">
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<iframe
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src="https://player.vimeo.com/video/1071219937#t=3257s"
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style="position: absolute; top: 0; left: 0; width: 100%; height: 100%; border:0;"
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allow="autoplay; fullscreen; picture-in-picture"
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allowfullscreen
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title="Vimeo Video">
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</div>
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The answer was surprisingly thoughtful, but it’s hard not to feel like our friend is swimming in a sea of sharks.
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