I don’t have a good business idea, not everyone has to. That’s not even what we’re talking about.

VC is clearly not “a joke”. All you have to do is Google “major companies that took VC funding” to see the impact of it. Of course this leaves out the thousands of others that failed, but long term the winners are going to have a very positive impact on driving innovation.

You may say “those companies would have succeeded anyway” and maybe so, but I doubt it would have happened nearly as fast, if at all.

This comment doesn’t even pass the smell test.

If every company that took VC money failed, VCs wouldn’t make any money.

The reality is MOST VC investments fail, but the few who make it are home runs. This is how they make money. The risk/reward of your company was just not a favorable investment for them. Whether it’s because you went to an Ivy League or not is irrelevant.

Without VCs, many of those homeruns would never be able to get off the ground and the US economy would be significantly less dynamic