I think Shakil Khan had a kinda like low blow comment to the community when he said that he doesn't invest in companies that doesn't know PN&L and investor terms. That is so far from the truth, I met many business people here in the bitcoin community and that could run companies. I doubt he knew that stuff when he was founding his first company. Give us a break he even mentions how we need supervision from the another entity to protect us. That is probably the real reason he probably rather have some big names just come in and build around the community making for easy investments.
who cares about P&L when the space is growing 100x or more each year, in fact you barely need investors. just need hard work and some capital.
the VC's in the US are likely freaking out because what's happened is that the pool of innovative developers and technologists they squeeze terms from have figured out a way to get around them. i've been around sand hill road enough times to know what's up.
why give up 50%+ of your company to some venture capitalists when there is an easier way to fundraise without dealing with them.
all the regulations now are designed to favor them but seeing the investments that have happened on this forum they are worried that their time is up...
just watch what will happen... prediction:
long term: VC funded companies that hire loads of lawyers and accountants will not grow as quickly as virtual corporations comprised of individuals (that is what bitcoin is by the way), all the VC companies can do is suck from the teats of bitcoin and feed their VC overlords slightly above average returns.
VCs who can't adjust to the new paradigm, will turn to dust.
This why we stick with our own. We help each other out, most VC wish they could have a company that not only profitable but their holdings are making profits as well. The companies are double profit.
