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Hi there,
Well, I certainly didn’t expect that.
You all had some very strong opinions about astrology startups after we shared that some VCs disapproved of funding startups in the space.
Most of you argued that the VCs were wrong.
This wasn’t because you all are weirdos who believe in palmistry or Tarot cards.
Most of you rationally argued (with very little flapdoodle) that drawing lines on what is and is not investable is ultimately very arbitrary.
You highlighted investments into vaping companies, addictive social games, gun makers, and "buy now, pay later" companies as all being of questionable value to society but yet we allow investments into those types of companies.
Some of you also asked why astrology is worse than apps focused on religion or mindfulness.
The reactions from readers reminded me of some recent comments from Warren Buffett’s latest shareholder meeting where he argued that finding perfection in companies isn’t possible.
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