That depends most startups are shit and fail but they still are useful. But the idea is VCs will just fund thousands of startups in hopes one is a unicorn and actually has a product worth selling.
If big VC firms were losing money in terms of net total they wouldn’t exist. Albeit most of them define success as being acquired by a big company like Google. As for independent VCs most of them are probably wasting heaps of money and just following the hype.
Minimalists (reddthat.com)
What are some modern bullshit jobs?
Jobs that either don’t contribute in any meaningful way or jobs where one would be better off if they were paid to be on call.