They have some obligation to other startups to keep valuations low, for what purpose? Are other VCs going to suddenly put irrational expectations on the companies pitching them?
Any VC/company that engages in some unrealistic valuation pissing contest deserves any big expensive failure that comes to them. Otherwise they can prove people wrong at their own risk.
They have some obligation to other startups to keep valuations low, for what purpose? Are other VCs going to suddenly put irrational expectations on the companies pitching them?
Any VC/company that engages in some unrealistic valuation pissing contest deserves any big expensive failure that comes to them. Otherwise they can prove people wrong at their own risk.