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0 pointsonion2k6y ago0 comments

The problem is that if your idea isn't a CRUD app then finding funding to pay for the expenses is effectively impossible outside of raising from friends and family. VC funds (and especially public money that VCs control) should be invested in genuine innovation, not yet-another-Uber-for-meal-kits.

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wpietri6y ago

I agree that would be nice if it were true. But that's manifestly not the business VCs are in. Their behavior is a pretty predictable outcome of our society's current ideology around capital.

That could change, of course. The pandemic is making it clear how threadbare that ideology is, so perhaps we'll return to valuing things beyond a high rate of shareholder return.

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wpietri6y ago

I agree that would be nice if it were true. But that's manifestly not the business VCs are in. Their behavior is a pretty predictable outcome of our society's current ideology around capital.

That could change, of course. The pandemic is making it clear how threadbare that ideology is, so perhaps we'll return to valuing things beyond a high rate of shareholder return.

j / k navigate · click thread line to collapse