I like to think of this as a culling of the herd by the “greed is good” virus. Basically those funders motivated by the mantra of money at all costs, who take advantage of founders and are only concerned about the exit are becoming or have become extinct. I had never really thought about it with that lens on. A bit of the old “That what doesn’t kill us makes us stronger”.
While I knew almost all of the start-ups there were quite a few funders that I was not aware of. After figuring out that the funders had $ on their badges they became a whole lot easier to spot.
A great event and kudos again to Allan, James and TON for organizing the event.
- Ian Graham