The future that technology elites like to imagine looks remarkably similar to the one we’re in
Do you support sustainability, social responsibility, tech ethics, or trust and safety? Congratulations, you’re an enemy of progress. That’s according to the venture capitalist Marc Andreessen.
Couldn't agree more. My takeaway from three years working at a VC is that investors are fucking idiots, and lying to get investment is basically normal.
My favorite anecdote from "the cold start problem" is how zoom got funding not because they thought it was a good idea - the investors thought it was a solved problem - but because they were personally friends with the founder of zoom.
That's the quality of decisions we're dealing with.
Do you have a source for the claim that VC funded companies would have been replaced by equivalent companies if VCs did not exist? I find that somewhat hard to believe.
Well, yeah, it didn't really exist before the 1970s in its current form. But it's not just tech, other companies like FedEx also got VC funding in the early stages