<ul><li>The Dutch East India Company's success was based on storytelling and promises, similar to today's Venture Capital funds.</li><li>Venture Capitalists climb the Penrose Staircase, a structure that symbolizes endless growth with no real destination.</li><li>Investors in startups focus more on who believes in the company rather than its actual operations.</li><li>The emphasis is on financial theatrics, where growth metrics are inflated to impress rather than inform.</li><li>The goal in Venture Capital is not company building but engineering liquidity events.</li><li>Investors keep climbing the staircase despite the illusion of growth and success.</li><li>Venture Capital often turns failure into a spectacle, rushing IPOs in precarious economic environments.</li><li>Investment banks focus on creating FOMO (Fear of Missing Out) to drive retail investors into IPO frenzy.</li><li>Insiders exit after IPO success, further perpetuating the illusion of success in the market.</li><li>Venture Capital follows a cycle where failures are nationalized, debts restructured, and the game of climbing the staircase continues.</li></ul>

The Penrose Staircase and Infinite Capital

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