4 ms·
Silicon Valley’s Unchecked Arrogance
- rdlecler1 11y agoEntrepreneurs may only solve problems that they understand, but VCs only fund entrepreneurs they understand. There is far more monoculture around investment than entrepreneurs. The biggest challenge is access to capital. while entrepreneurs are trying to create the next snapchat there are entrepreneurs who are trying to create driverless tractors, but one group is going to have a far easier time accessing capital so you see survivor bias. Non-standard areas need to show returns to investors, but that's hard when they don't have access to capital. So the story goes that only certain kinds of investments are VC backable. We're starting to see some shift in the food and ag space, but it's slow. When we look back ten years from now we'll realize that a few sectors were over invested in, but overall we mere massively underinvesting in innovation.