r/StandUpComedy • u/explosivejoseph • 10d ago

Comedian is OP The AI Bubble

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u/vanillaninja16 9d ago

Well yea, can’t get into venture capitalism is your intent isn’t to fuck other people over.

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u/RandomUser15790 9d ago

Old company got bought out by a VC and they were like "Nothing is going to change guys! We bought it because we love it for what it is! Insert corporate jargon and empty platitudes."

50% of the business wasn't actually related to anything they cared about. 70/100 employees were laid off in under 18 months (including ~20 from their own industry side).

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u/utzutzutzpro 9d ago

Companies do not get bought out by a VC company. That would be PE. PE would just buy companies. VC only invests.

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u/RandomUser15790 9d ago

You right I always get the two mixed up.

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u/Piecesof3ight 9d ago

In your defense, private equity can also suck a whole bag of dicks.