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Maciej Ceglowski said much the same thing, in the particular context of venture capitalism: "We had people like this back in Poland, except instead of venture
by clock_tower 11y ago
Maciej Ceglowski said much the same thing, in the particular context of venture capitalism:
"We had people like this back in Poland, except instead of venture capitalists we called them central planners. They too were in charge of allocating vast amounts of money that didn't belong to them."
(http://idlewords.com/talks/what_happens_next_will_amaze_you.htm http://idlewords.com/talks/what_happens_next_will_amaze_you....)
- icebraining 11y agoAh, but that's a different problem, and the inequality talk actually distracts from it. The thing is that VCs are not that wealthy - even the wealthiest ones, like John Doerr, are not in the Forbes 100 list. What they actually do is invest the money of others, often from not-so-wealthy people - money held in pension funds, 401ks, etc. So you could have a less unequal society in which VCs actually controlled more money - in fact, it wouldn't be surprising, since wealthy people often invest directly, instead of buying into VC funds.