Fuck the VCs

John Casasanta, “Fuck the VCs”, public translation into Russian from English More about this translation.

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Fuck the VCs

Fuck the VCs

History of edits (Latest: Artemius 3 years, 7 months ago) §

When I read about Mike Lee’s firing from Tapulous, it made me angry. Angry, not because I feel for Mike… he’s a big boy and I’m sure he’ll be fine. Angry because what we’re about to experience in the iPhone world is going to be a bubble along the lines of the one in the late 90s / early 2000s.

Когда я прочел об увольнении Майка Ли из Tapulos, я разозлился. Не из-за самого Майка - он уже большой мальчик и уверен, с ним все будет хорошо. Меня рассердил тот факт, что в случае с iPhone нас ожидает еще один "пузырь", похожий на тот, что мы пережили в конце 90-х - начале "нулевых" годов.

History of edits (Latest: dndare 3 years, 7 months ago) §

The vultures are out and and they taste blood. The iPhone’s one of the hottest things around right now and there’s little sign of its popularity letting up anytime soon. And the venture capitalists want in… badly. The fact that the iFund™ exists is overwhelming evidence of this.

Хищники уже вышли на охоту и они чувствуют запах крови. Сейчас мало что сравнится по популярности с iPhone, и нет никаких признаков того, что в ближайшее время он станет менее востребованным. И венчурные капиталисты хотят принять участие в этом проекте...очень хотят. Об этом говорит сам факт существования iFund™.

History of edits (Latest: dndare 3 years, 7 months ago) §

Ever since my post discussing our sales stats we’ve gotten our share of VCs trying to court us. They desperately want a piece of the action and they’re pounding the pavement with full force.

Now don’t get me wrong… I’m all for a free market. If the market accepts the wave of their “free” stuff coming down the line, all with the hopes of getting as many people on board and getting money from their users through ads or whatever, more power to them. Just remember that you’ll pay for it sooner or later. If the market accepts a flood of their crapware, more power to them. But of course, I’m really hoping that the market doesn’t accept any of this.

The Mac has prospered because of quality. Both in terms of Apple themselves and 3rd-parties. The iPhone is at a dangerous point right now. It’s on the verge of becoming commoditized and so is the 3rd-party software on it. And the VCs are right there behind this and will probably drive it if the market lets them.

I can’t count all the times I’ve recently heard the terms “money-grab” and “monetized via advertisements” regarding iPhone apps. This pisses me off because I care about the quality of the things I work on. We’ve gotten a zillion emails regarding the availability of Groceries and although we could rush it out the door, we’re taking our time on it and doing it right. And the same goes for all the apps we’re working on and will create in the future.

The VC mentality

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© John Casasanta.