I am NOT picking on Elizabeth here. She is absolutely correct in her assessment of how VC works.

At the same time the gaps this thread reveals in how small businesses are funded are instructive. So this is a great primer even if you aren’t a tech founder. https://twitter.com/dunkhippo33/status/1249373923059228672">https://twitter.com/dunkhippo...

What VC’s call “capital cost” -and what they avoid, because it means actually risking capital, is exactly what needs funding.

VCs don’t fund true services businesses, either.

The SBA isn’t enough.