4 ms·
Access to capital and influence are not the "trappings of power", they are the definition of power in the industry. Both capital and influence are drivers to g
by sarahnadav 11y ago
Access to capital and influence are not the "trappings of power", they are the definition of power in the industry. Both capital and influence are drivers to getting shit done.
- forgottenpass 11y agoNow you're talking about capital and influence. But they're not interchangeable with talking at conferences and better access to a VC's ear. In tech, talking at a conference is meaningful in a way that it isn't in a lot of other industries. I'm not saying tech conferences are set to turn bland and contentless any time soon, but there is nothing inherently influential about them. They're just a trapping of influence that _could_ change with the winds. VC is fetish. Venture funding is nether necessary nor sufficient to having capital. Taking VC means a founder limits the amount they can make off of a successful company and also ties that company to an unrealistic trajectory reducing their chances of profitability. Finally, the founder doesn't actually control the capital. They have temporary authority over someone else's, to be used only for a specific purpose.