A lot of their investments are made on the basis of what they can sell it for before it all falls apart.
So in that context theatre in general makes sense. Not sure why long working hours would be - its not something people fund managers about with regard to an IPO, for example, so it probably does not hugely raise exit values.
They seem, as a class, very susceptible to dumb trends. This _kind_ of works for them, because occasionally something that looks like a dumb trend turns out to work (remember Facebook games? Still amazed that became a thing), and VCs only require a rather low success rate to operate, but usually a dumb trend is just a dumb trend.
Irritatingly, every time, people use this to claim that the dumb trend is the next big thing. A few years ago, anyone sensible could see that NFTs were bloody ridiculous, but you’d have lots of people on here proclaiming a glorious new NFT-based future, because, after all, the VCs were pumping money into it.
You should see the code they crank out. All rated in characters per second/lines of code. And now with AI? Super crap. Ultra processed sterilized caca del Toro.
So in that context theatre in general makes sense. Not sure why long working hours would be - its not something people fund managers about with regard to an IPO, for example, so it probably does not hugely raise exit values.