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As Paul Graham states, the metric we measure is the metric we improve. What metric do VCs care about? Profit or societal good? The current construct has the pu
by wes-k 11y ago
As Paul Graham states, the metric we measure is the metric we improve. What metric do VCs care about? Profit or societal good?
The current construct has the public and employees in battle against these capilitistic profit seeking businesses.
Sure some generate wealth but they also capitalize as much of that wealth as possible. When Uber and the like create incredible wealth with self driving cars, who will benefit? Society? Maybe with cheaper rides but at the cost of many jobs.
The new rise of B corps leaves me hopeful as a possible transition between the profit game and the helping the world game.