Genuine question for VCs
At what point do you actually give up on a portfolio company that’s clearly not going to make it?
Do you let them burn through the rest of the runway, or do you push founders to shut it down early and preserve whatever’s left?
Curious how you think about this in practice
@LefterisJP Yeah kinda how I feel. Seeing all of my positions get a destroyed and to witness the overcollaterization across the entire industry on bulletproof protocols that end up getting completely rekt is just, well terrifying.
@mywebacy This is such a stupid thing to post.
My least favorite part of web3 security is when mediocre security firms post “if you only used our shitty product you wouldn’t have been rekt”
Shut the fuck up. You’ve just dug your own grave