It’s a great time to be a consumer. You can order a ride, meal, laundry pickup or massage in minutes through your phone without breaking the bank. And we have venture capitalists to thank for it. As startups sacrifice profits for growth, the VCs are funding the losses. Here at The Information we often laugh that we’re beneficiaries of the “VC subsidy” every time we place an order from Sprig or Postmates or Lyft.
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Can Both Consumers and VCs Win in the Long Run?
By| Aug. 22, 2014 8:02 AM PDT