VC jobs are predicated on generating massive windfalls for capital, so to interest that kind of money you gotta have a fairytale that ends with everyone splashing around in Scrooge McDuck pools of gold
A story about founding a magazine that lasts for decades, advances great ideas and writing, and develops world-class talent? it's like "non-overlapping magisteria"
@david_j_roth The derogatory term in tech for companies like Defector is a "lifestyle business."
Unfortunately, a whole generation of tech-savvy people's brains have turned to mush because VCs and investors like Paul Graham taught them that growing fast and then selling out big, is the only true outcome.
Of course, that is the lesson those people teach because they are the ones profiting the most from the arrangement.